About Solution Energy
Solution Energy develops thermal transfer technology for geothermal wells. One system design serves two uses. For power, it converts heat from the earth into clean energy. For cooling, it absorbs and manages waste heat. The cooling product is aimed at data centers and industrial operators and uses a plug-and-play design.
The company is based at 708 Main Street, Suite 1000, in Houston, Texas. Matt Symons is chairman of the board, Darrell Depper is chief executive officer, and Grant Christie is chief technology officer. Ryan Howrish is chief operating officer. The board of directors also includes John Bishop and Herve Wilczynski.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 30, 2026 | Nov 5, 2026 | $4,001,487fully sold | 2 | $2.0M | Securities on exerciseRule 506(b) | Form D ↗ |
| Sep 30, 2025 | Oct 15, 2025 | $21,948,146fully sold | 7 | $3.1M | Equity, OptionsRule 506(b) | Form D ↗ |
| Total, two offerings | $25,949,633 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Why Investors Backed Solution Energy
Solution Energy, Inc. of Houston develops thermal transfer technology for geothermal wells. One platform can generate electricity or carry waste heat away from data centers and industrial sites. The company frames its pitch around the energy and cooling demand created by AI. Its management and board include executives with backgrounds at Shell, SLB and Repsol Talisman.
The problem it targets
Solution Energy's view is that AI and digital growth are outpacing global energy and cooling capacity. It argues that data centers, AI workloads and electrified industries need more energy and cooling than ever, and that traditional systems cannot keep pace or keep emissions in check. In its framing, the issue comes down to how efficiently heat moves: pulled out where it is valuable and rejected where it is not.
What the product does
The platform is one thermal transfer design with two uses. For power, Solution Energy's case is that greater thermal throughput yields more electricity from each well. It adds that running at lower temperatures opens a much wider area to geothermal power. For cooling, the systems absorb waste heat from data centers and industrial sites. They use a plug-and-play design, and the company argues they cut cooling loads and operating costs while protecting water resources.
Who backs it
Solution Energy has not named outside investors. It does describe the people at the top. Matt Symons, the chairman, has built and sold technology companies, with six exits to buyers including Telstra, Accenture, Equifax and Kaplan. Grant Christie, the chief technology officer, spent more than 15 years at Shell and later worked as an oil and gas technical expert at Booz Allen. Darrell Depper, the chief executive officer, has more than 25 years in energy and engineering, including roles at Geosouthern, Repsol Talisman and SLB. Dr. John Bishop is a geophysicist with 50 years of experience who has founded several exploration companies.
How the market is moving
The U.S. House Committee on Oversight and Government Reform said on April 1, 2025 that each data center uses millions of gallons of water a day for cooling. It added that data centers are often sited in states where water is already scarce. The Niskanen Center said broad bipartisan support for two geothermal bills shows Congress is taking geothermal technology seriously as part of the domestic power supply. Investment tax credits have eligibility requirements and are not guaranteed.
We wrote this summary from public statements by Solution Energy and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on Solution Energy's Form D filed Nov 5, 2026.
Earlier filings also listed Stuart Page (director, last listed Oct 2025).