{"id":890453,"date":"2026-06-24T23:05:33","date_gmt":"2026-06-24T23:05:33","guid":{"rendered":"https:\/\/www.europesays.com\/us\/890453\/"},"modified":"2026-06-24T23:05:33","modified_gmt":"2026-06-24T23:05:33","slug":"hunt-energys-dallas-based-subsidiary-mantle-energy-raises-5m-seed-funding-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/890453\/","title":{"rendered":"Hunt Energy’s Dallas-Based Subsidiary Mantle Energy Raises $5M Seed Funding \u00bb Dallas Innovates"},"content":{"rendered":"

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In a company video, an animation maps Mantle Energy’s approach \u2014 a horizontal well loop that draws heat from deep rock to power a neighborhood and an industrial plant above ground. The Dallas startup aims to turn oil and gas wells into a “vast geothermal energy source.” [[Image: Mantle Energy video screenshot via Vimeo<\/a>]<\/p>\n

Mantle Energy, a geothermal spinout of Dallas-based Hunt Innovative Technologies, has successfully closed a $5 million seed round led by Dallas\u2019 17Shoals Inc.<\/strong><\/p>\n

Mantle uses groundbreaking techniques to create heat in oil and gas formations to extract more oil from reservoirs than traditional methods\u2014along with geothermal energy, which offers a lower carbon baseload power. With this disruptive approach, Mantle said it aims to unlock sizable energy potential left behind underground which could be as much as 90% of the reservoir potential.\u00a0<\/p>\n

\u201cIt\u2019s wonderful to see another one of our incubated disruptive technologies leave the nest with this outside investment to become a standalone startup,\u201d Todd Benson, Hunt Energy\u2019s chief innovation officer, said in a statement. \u201cIt\u2019s particularly exciting with the understanding of how important this technology could be to the energy needs of America while also being a great example of environmentally conscious but also commercially viable innovation.\u201d<\/p>\n

\u2018A new type of energy company\u2019<\/p>\n

With extensive experience in upstream oil and gas, energy markets, and scalable product innovation, James Franks, former director of innovation and entrepreneur-in-residence at Hunt Innovative Technologies, will serve as Mantle\u2019s CEO.<\/p>\n

Hunt Innovative Technologies, a subsidiary of Hunt Energy, has played a pivotal role in incubating Mantle, and its leadership remains a key part of the company\u2019s vision, the company said.<\/p>\n

\u201cThere are plenty of oil and gas resources available, but often they are not economically feasible to extract under current methods,\u201d Franks said. \u201cMantle leverages these remaining resources uniquely by converting them to thermal energy to add baseload power to the grid, while keeping most of the carbon in the ground.\u201d<\/p>\n

Franks added that the funding provided by 17Shoals \u201cwill enable us to scale our team and formalize our pilot plan which will position Mantle Energy as a new type of energy company.\u201d<\/p>\n

Reshaping oil and energy production<\/p>\n

The seed round funding marks a major milestone as Mantle spins out from Hunt Energy\u2019s incubator, Hunt Innovative Technologies, positioning itself as a novel and unique energy company.<\/p>\n

\u201cMantle is truly a transitional energy company leveraging oil and gas resources differently,\u201d Hunt Energy CEO Hunter Hunt said in a statement. \u201cBy repurposing existing oil and gas resources into a low carbon energy source to generate electricity, Mantle will unlock a new source of reliable and sustainable power to meet the growing demands of our electric grid.\u201d<\/p>\n

Tracey Maynor of 17ShoalsInvestors also praised the groundbreaking innovation behind Mantle that leverages oil and gas resources \u201cin a new, unique, and greener way.\u201d<\/p>\n

\u201cMantle will reshape oil production and create Geothermal energy in a manner that has never been demonstrated,\u201d Maynor said. \u201cI\u2019m looking forward to introducing Mantle\u2019s capabilities and watching our company grow.\u201d<\/p>\n

With this funding, Mantle said it will focus on scaling pilot deployments, landing key partnerships, and laying the foundation for future expansion as it prepares for a Series A raise.\u00a0<\/p>\n

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\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n