Ben Geman of Axios reports on Quaise Energy.
- Quaise Energy is a geothermal startup that is using an innovative “millimeter wave” drilling system that Quiase claims will allow them to access energy anywhere in the world.
- The latest funding round came from Safar Partners, Prelude Ventures, Fine Structure Ventures, The Engine and others, bringing Quaise’s total funding to $63 million,
- Geothermal is a largely untapped clean energy resource that could be helpful for reaching climate goals.
- Private sector innovation is creating a cleaner future.
“Quaise, working with Oak Ridge National Laboratory, plans to move from indoor drilling to in-ground field under lab conditions allowing expansion to depths around 10 meters this year, Araque told Axios via email.”
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