Quaise Energy

Quaise Energy aims to revolutionize the clean energy industry with its innovative approach to unlocking geothermal energy. Established in 2018 and headquartered in the United States, the company garnered significant attention with its recent $21.00M Series A investment on 12 December 2023, backed by Prelude Ventures, Safar Partners, Standard Investments, and Mitsubishi Corporation. With a focus on developing millimeter wave drilling systems for deep geothermal heat access, Quaise stands apart as the only technology with the potential to construct geothermal wells at unprecedented depths and temperatures. By targeting depths of up to 20 kilometers and temperatures of 500 degrees Celsius, the company aims to establish clean electric generation and heat distribution plants in close proximity to major population and industrial centers across the globe. This approach promises to provide a sustainable energy solution at a fraction of the footprint of other renewables, thereby addressing the pressing need to decarbonize the global energy system. Quaise's strategic scaling through the established supply base of the fossil fuel industry positions it to achieve terawatt-level annual deployments, further underscored by the support from prominent investors. The company's vision and technological advancements place it at the forefront of the paradigm shift towards clean and sustainable energy solutions.