Houston, United States
Quaise Energy, founded in 2018 and headquartered in the United States, is driving forward a groundbreaking shift in the energy sector by capitalizing on underutilized geothermal resources. With their slogan, "Unlocking the true power of superhot geothermal energy," Quaise is paving the way for global energy independence.
The company's distinctive approach hinges on a cutting-edge millimeter wave drilling system capable of accessing geothermal wells at unprecedented depths and temperatures, ranging from 300-500 degrees Celsius and depths of 3-20 kilometers. They aim to establish geothermal power infrastructure near major urban and industrial hubs, aligning with the demand for rapid deployment necessary to cope with surging global energy needs.
In December 2023, the company secured a $21.00M Series A investment from investors including Prelude Ventures, Safar Partners, Standard Investments, and Mitsubishi Corporation. This substantial backing underscores investor confidence in Quaise's ability to leverage existing fossil fuel industry frameworks for efficient scaling, positioning it as a viable, large-scale clean energy alternative.
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