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Quaise Energy Secures $134

Recently funded · $134.0M Series bOil, Gas, and MiningUSView source

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Harnessing the Earth's deep heat for terawatt-scale power, Quaise Energy has secured $134.0M in Series B funding. The round drew investment from Prelude Ventures, JERA Co., Inc., and Idemitsu Kosan Co., Ltd., backing the company's ambitious geothermal energy plans.

Quaise Energy is developing superhot geothermal power plants, utilizing a unique millimeter wave drilling system to reach unprecedented temperatures and depths of 300-500 degrees Celsius and 3-20 kilometers. The company aims to build power generation close to major population centers and scale rapidly by integrating with the fossil fuel industry's established supply chain.

Big news for Oregon's clean energy future! Quaise Energy has announced a $134 million Series B funding round to accelerate the development of Project Obsidian in Central Oregon,the world's first commercial super hot geothermal power plant. With backing from global energy leaders including Prelude Ventures,JERA Co.

, Inc. and Idemitsu Kosan Co.,Ltd. and, this investment marks a major milestone for next-generation geothermal technology. The project has the potential to deliver reliable, carbon-free baseload power while reinforcing Oregon's position as a leader in energy innovation. It's exciting to see groundbreaking technologies like this taking shape right here in Oregon. The future of clean, dependable en

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