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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Quaise Energy

start up
United States - Cambridge, Massachusetts
  • 08/06/2022
  • Series A
  • $12,000,000

Quaise develops millimeter wave drilling systems for deep geothermal heat access. Our technology is the only approach in the world with the potential to build geothermal wells at unprecedented depths and temperatures.

By targeting depths up to 20 kilometers and temperatures up to 500 degrees Celsius, we will have the ability to build clean electric generation and heat distribution plants within a short distance of every major population and industrial center on the planet, at a fraction of the footprint of other renewables.

And by scaling through the established supply base of the fossil fuel industry, we will be able to achieve the terawatt-level annual deployments that will be required to successfully decarbonize our global energy system.


Related People

Carlos AraqueCo Founder

Carlos Araque United States - Cambridge, Massachusetts,

Geothermal is one of the most compelling clean energy sources. But except for a few lucky countries, it is beyond reach for most of us.

We are trying to change that. By drilling deeper, we can provide access to geothermal energy to everybody in the world. And by going into hotter rock, we can open up a new frontier in geothermal. One with truly amazing possibilities. Like energy security for every nation.