Earth's most powerful clean energy source can be unlocked with new funding
4 Articles
4 Articles
Earth's most powerful clean energy source can be unlocked with new funding
Nabors has entered into a strategic framework agreement that supports Quaise’s mission to make superhot geothermal a commercial reality, beginning with the development of the world’s first superhot geothermal power plant.
World’s first superhot geothermal power plant could be built sooner with latest funding %
A Houston-based company has received funding that can help make world’s first superhot geothermal power plant. Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced the final close of its Series B, raising a total of $180 million in equity financing, including a $35 million investment from Nabors Industries (NYSE: NBR), one... The post World’s first superhot geothermal power plant could be built sooner w…
South-east of Bend in central Oregon, the world's first commercial power plant for super-hot geothermal energy is currently being built. With the Obsidian project, the US company Quaise Energy is driving forward a technology that opens up geothermal energy from depths that are unattainable to traditional drilling methods. Conventional geothermal power plants depend on a few regions with volcanic activity close to the surface. Quaise aims to diss…
Nabors Invests $35 Million In Geothermal Tech
Nabors Industries has completed a $35 million strategic equity investment in Quaise Energy, Inc, with the company’s technology “designed to reach deeper, hotter geothermal resources that are otherwise inaccessible with conventional methods.” A spokesperson said, “Nabors Industries announced the completion of a $35 million strategic equity investment in Quaise Energy, Inc. “The transaction positions Nabors as […]
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