Enerdrape to deploy geothermal panel technology in Chicago, Illinois
Enerdrape geothermal panels installed in Margencel underground car park in Aigle, Switzerland (source: Enerdrape)
Carlo Cariaga
3 Sep 2025
Enerdrape will be expanding deployment of its innovative geothermal panel technology with a project at the Millenium Parking Garages in Chicago, Illinois
Swiss startup Enerdrape will soon be deploying its innovative geothermal panel technology for the first time in the United States, specifically at the Millenium Parking Garages in Chicago. With over 9000 parking spaces, this is described as the largest downtown public underground parking system in North America.
Alessandro Rotta, co-founder and CTO of Enerdrape, also explains that the company is looking into projects in New York, primarily for hotels, residences, and housing complexes. “At this stage, everything is preliminary, but the situation is promising.”
Margaux Peltier, CEO and Co-founder, also said that the company is looking to augments its geothermal panel technology. Initiatives include ensuring compatibility with electric charging stations, developing monitoring software for real-time tracking of energy performance, and consolidating its intellectual property with new patents.
The company also aims to further expand its presence in France, where it has already installed geothermal panels in the underground parking of housing units managed by Paris Habitat. Enerdrape has also already deployed geothermal panels at several sites in Switzerland, including a mixed-use building of Coop Immobilier and the Margencel parking site in Aigle.
Looking ahead, Enerdrape is also looking into using its panels for cooling or installing them in urban tunnels for large-scale energy supply. A Series A fundraising is being prepared for 2026 to support these developments, as well as plans for further commercial rollout.
Source: Startup Ticker
