Under Royalty brings the proven royalty portfolio model from mining as well as oil & gas, to geothermal — one of the most scalable and undercapitalized segments of the global energy sector. We combine strategic equity investments in breakthrough geothermal technologies with structured royalty financing to build a diversified, high-growth platform.


We engage with established industry participants and technically sophisticated operators, and seek to provide all stakeholders with stable exposure to long-duration royalty cash flow while retaining meaningful equity upside as leading technologies scale — offering capital efficiency, embedded downside protection, and asymmetric exposure to rising global energy demands.

Under Royalty

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Under Royalty

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