Quaise Raises $134M to Drill Superhot Geothermal
The round was led by Prelude Ventures and includes JERA and Idemitsu, as Quaise targets deeper drilling and first commercial revenues.
9 Articles
9 Articles
Quaise Energy, a clean energy startup operating in Massachusetts, has received $134 million in new investment to pursue its goal of building the world's first "super-hot geothermal" power plant. The company aims to create the world's first geothermal power plant using millimeter waves instead of traditional drills.
Quaise raises $134M to drill superhot geothermal
Geothermal used to mean shallow wells and modest heat. Quaise wants to drill kilometres down and blast the rock with microwaves, and it just raised $134 million to try. Quaise Energy has raised $134 million to drill for superhot rock deep underground, Bloomberg reports. Prelude Ventures led the first close of the Series B, the […] This story continues at The Next Web
Quaise Energy raises $134M to fuel superhot geothermal ambitions
Startup Quaise Energy has raised $134 million to advance its first superhot geothermal power plant in central Oregon. On Tuesday, the Houston-based company announced the first tranche of its Series B financing round, which brings the firm’s total funding to $230 million. Quaise is developing a 50-megawatt plant near…
Quaise Energy Raises $134 Million in Initial Close of Series B to Build World's First Superhot Geothermal Power Plant
Prelude Ventures led the round, with participation from JERA Co., Inc., Japan’s largest power generation company, and Idemitsu Kosan, one of Japan’s largest integrated energy companies Series B equity is the first component of a diverse financing that includes project-level capital and debt Quaise’s millimeter wave drilling system is approaching one kilometer of depth at […]
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
