Dandelion Energy

dandelionenergy.com

HQ: Arlington, Virginia, United States

200

Energy & Resources

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Dandelion Energy is a Google X/Alphabet spinout that designs, engineers, drills, installs, and supports residential geothermal heating and cooling systems. It focuses increasingly on production homebuilders and multifamily developers, aiming to make ground-source heat pumps affordable and scalable through vertical integration, incentives, and leasing.

Primary product

Dandelion Geo geothermal heating and cooling system: a ground-source heat pump paired with underground ground loops. Related products and services include LoopLink geothermal design software, drilling and ground-loop installation, turnkey project management, and geothermal leasing.

Founded

2017

Headquarters

333 North Bedford Street, Suite 220, Mount Kisco, NY 10549, United States

Team size

Approximately 70–120; public estimates vary by source and date

Work style

Hybrid

Industry

Residential building construction / clean energy

Sub-industry

Residential geothermal HVAC, ground-source heat pumps, electrification, climate technology

Offices

Mount Kisco, New York

New York City, New York

Windsor, Connecticut

Washington, D.C. area

Business model

Turnkey geothermal system design and installation

Geothermal drilling and ground-loop installation services

Heat-pump distribution to installers and homeowners

Production-homebuilder and multifamily development partnerships

Geothermal design software SaaS through LoopLink

Residential and new-construction geothermal leasing

Funding

Stage

Series C / venture-backed growth stage

Total raised

$174.5M

Latest round

Series C · Sep 2024

Latest amount

$40M

Series C

Sep 2024 · GV

$40M

Series B1

Nov 2022 · LENX and NGP ETP

$70M

Series B

Feb 2021

$30M

Series A-II / venture round

Jan 2020

$12M

Series A

Feb 2019

$16M

Seed / venture round

Mar 2018 · Collaborative Fund

$4.5M

Seed

Jul 2017 · Collaborative Fund

$2M

People & investors

Leadership

Dan Yates

CEO and Chairman

Kathy Hannun

Founder and CTO; previously President

Donald Saelinger

President

Lauren Howard

Chief Revenue Officer

Wyatt Roberts

SVP, New Construction

Michael Russo

VP of Finance

Nick Christman

SVP, Product

Maggie McCarey

VP, Policy

Ryan Carda

Senior Director of Engineering / Principal Engineer

Alex Menke

VP, Drilling Operations

Founders

James Quazi

Co-founder and former CTO

Investors

Borealis Ventures

BoxGroup

Breakthrough Energy Ventures

Course Correction Capital

Energy Transition Ventures

NEA / New Enterprise Associates

NGP Energy Capital / NGP ETP

Tournon Ventures

ZhenFund

Work & culture

The company describes itself as mission-driven and multidisciplinary, bringing together drillers, installers, engineers, product and software specialists, policy professionals, sales staff, and operations personnel. Its stated mission is to make geothermal heating and cooling mainstream and deploy clean-energy infrastructure intended to last for decades. Public job and leadership signals indicate a growth-oriented environment with both field operations and distributed corporate roles.

Work style

Hybrid

Compensation

Public salary ranges were not identified in the researched sources. A 2026 finance recruiting post referenced Controller roles as DC/hybrid or remote and FP&A roles as DC/hybrid, but did not publish compensation.

Benefits

Medical insurance with PPO, POS, and HMO options

Dental and vision insurance

401(k) with competitive catch-up provision

Paid parental leave

Life insurance and AD&D coverage

Group disability insurance

Flexible Spending Account

Paid holidays

Paid vacation

Paid sick days

Product & market

Pricing

Quote-based project pricing for design, drilling, equipment, and installation; pricing varies by property, geology, system size, and incentives. The leasing program advertises payments as low as approximately $120 per year for some new-construction customers, while retrofit leases may be materially higher. No standardized public purchase price was found.

Differentiators

—End-to-end control of design, engineering, drilling, installation coordination, incentives, and customer support
—Purpose-built drilling fleet optimized for residential lots and constrained sites
—Vertical integration intended to reduce mobilization, coordination, and installation costs
—Dandelion Geo heat-pump product and LoopLink geothermal design software
—Focus on production-homebuilder deployment rather than only bespoke retrofit projects
—Leasing structure designed to reduce upfront cost and enable use of commercial geothermal tax credits
—Geothermal systems provide heating and cooling without an outdoor condenser or fossil-fuel combustion
—Claims of 2x–4x greater efficiency than traditional HVAC and lower peak electricity demand

Technology

Dandelion Geo geothermal heat pump

Vertical ground-loop systems

Custom residential drilling rigs, including track-mounted air-hammer and sonic rigs

LoopLink geothermal design software

LoopLink PRO commercial geothermal design software

Ground-loop headering, pipe fusion, and custom manifolding

Remote monitoring and system commissioning

Web-based sales, site-survey, engineering, and incentive-support tools

Customers

Lennar Corporation and Lennar communities in Colorado

Homeowners in New York, Connecticut, and other service markets

Production homebuilders and multifamily developers

HVAC installers and drilling partners

Utilities and incentive-program partners, including Xcel Energy

Competitors

Darcy Solutions

Bedrock Energy

ClimateMaster

WaterFurnace

Enertech / GeoStar

Bosch geothermal systems

Conventional air-source heat-pump providers

Natural-gas, propane, and oil HVAC systems

Scale & contact

Estimated revenue

Approximately $10M–$30M annually based on third-party estimates; no audited public revenue figure was found

Estimated monthly visits

25.5K

Signals & risks

Acquisition

Mar 2018

Dandelion acquired Geo-Connections, a geothermal software company. Geo-Connections management joined Dandelion, including Ryan Carda and Doug Carruthers. Financial terms were not disclosed.

Source

Acquisition

Jan 2022

Dandelion acquired Glacier Drilling, a Connecticut drilling company, to support expansion of geothermal installation operations in the state.

Source

Other

Mar 2020

Forbes reported complaints from some homeowners concerning delayed installations, unfinished work, heating problems, and maintenance issues. This is historical reporting and does not establish current operating performance.

Source

Other

Sep 2024

The company remains capital-intensive and dependent on project execution, drilling economics, builder adoption, financing, and policy incentives despite closing a substantial Series C round.

Source

Latest news

Dandelion Energy launches residential geothermal leasing program

Dandelion Energy · Oct 2025

Dandelion introduced a leasing model intended to remove the upfront-cost barrier for geothermal. The company says the program is available to builders in 16 states and to retrofit homeowners in New York and Connecticut, with some new-home leases advertised at approximately $120 per year.

Dandelion Energy and Lennar announce one of the largest residential geothermal deployments in U.S. history

Dandelion Energy · Apr 2025

Dandelion and Lennar announced plans to install geothermal systems in more than 1,500 new Colorado homes over two years. The companies estimated approximately $30 million in homeowner energy savings over 20 years compared with air-source heat pumps.

Dandelion Energy closes $40M Series C funding round to expand geothermal offerings nationwide

Dandelion Energy · Sep 2024

GV led a $40 million Series C supported by Collaborative Fund, LENX, Breakthrough Energy Ventures, and NGP. The stated uses were nationwide distribution, installer and homeowner access, and larger builder and multifamily projects.

Dandelion Energy announces Dan Yates as new CEO

Dandelion Energy · Jul 2023

Dan Yates became CEO, succeeding Michael Sachse. Yates had previously served as Dandelion’s executive chairman and was co-founder and CEO of Opower.

Dandelion Energy closes $70M Series B1 funding round

PR Newswire / Dandelion Energy · Nov 2022

Dandelion announced a $70 million B1 round co-led by LENX and NGP ETP, with participation from Breakthrough Energy Ventures, NEA, GV, Collaborative Fund, and Building Ventures.

Jobs and careers at Dandelion Energy

13 jobs at Dandelion Energy

Technical Support Manager

Remote

Corporate

Denver, CO; Denver, Colorado, United States

3w ago

Remote

Full-time