Latest Quaise Energy News & Updates

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Quaise Energy (Quaise)

Developer of millimeter‑wave deep geothermal drilling technology

quaise.com

Headquarters: Houston, United States
Founded year: 2018
Company type: Private company
Number of employees: 70–200
Industry: Renewable Energy Equipment & Services

Last updated Today

Latest news about Quaise Energy (Quaise)

In short: Quaise Energy raised $134 million in Series B funding and began drilling its first superhot geothermal well for Project Obsidian in Oregon.

Company announcements

July 14 Quaise

Quaise announces Series B fundraise closing

Funds will support the first superhot geothermal power plant and drilling system commercialization.

July 7 Quaise

Quaise Energy raises $134 million in Series B first close

The funding will build the world's first superhot geothermal power plant, Project Obsidian, using millimeter wave drilling.

July 6 Quaise

Quaise introduces Project Obsidian for superhot geothermal power

The project in Central Oregon aims to generate up to 10x more energy per well than conventional geothermal.

June 29 Quaise

Quaise co-founder says geothermal can become energy backbone

In a keynote at World Geothermal Congress, Houde discussed millimeter-wave drilling and progress toward a commercial power plant.

Media coverage

July 22 Geo Energy Magazine

Quaise Energy closes $134m Series B funding round to support superhot geothermal project

Quaise Energy has closed a $134 million Series B funding round, supporting its superhot geothermal power project in Oregon ...

July 7 AFP

Quaise Energy Raises $134 Million in Initial Close of Series B to Build World's First Superhot Geothermal Power Plant

Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced the first close of its Series B financing, raising $134 million with additional...

June 26 Geo Energy Magazine

Idemitsu enters next-generation geothermal market with investment in Quaise

Japanese energy company Idemitsu Kosan has invested in Quaise Energy, aiming to support technologies that enable next-generation geothermal development.

April 24 Geo Energy Magazine

Quaise presents development plans for 50-MW superhot geothermal plant in Oregon

Quaise has started preparatory work for a 50-MW geothermal power plant south of the Newberry volcano in Oregon, targeting a superhot enhanced geothermal system.

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