Quaise Energy, Inc.
StreetZero Signal 62
About Quaise Energy, Inc.
Quaise Energy, Inc. is a technology company developing millimeter-wave drilling systems to access superhot geothermal energy at depths up to 20 km. It spun out of the MIT Plasma Science and Fusion Center in 2018 and targets conversion of existing fossil fuel power plants to clean baseload power using gyrotron technology to vaporize rock. The company is advancing field operations, supply chain scaling, and Project Obsidian, its first superhot geothermal power plant in Central Oregon.
LATEST FUNDINGPrivate Placement
$179.3M
Announced 2026-09-03
IN THE NEWS
- 🔗 Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Geothermal Energy | Geothermal Rising :: Using the Earth to Save the Earth
- 🔗 Mintz Advises Quaise Energy in $21M Series A1 Funding | Mintz
- 🔗 TechEnergy Ventures joins Quaise Energy to Unlock Terawatt-Scale Geothermal Energy
- 🔗 Quaise: Funding, Team & Investors | Startup Intros
- 🔗 Renewables Now - Quaise Energy said on Thursday it has...
EMPLOYEES—
FOUNDED2018
HQHouston, TX
Industry
Other Energy
Tags
GeothermalClean EnergyDrilling Tech
Investors
Key highlights
- Raised $21M Series A1 led by Prelude Ventures and Safar Partners.
- Expanded Series A financing to $52M with TechEnergy Ventures participation.
- Announced $180M Series B including investment from Nabors Industries.
- Spun out of MIT Plasma Science and Fusion Center in 2018.
- Developing technology for superhot geothermal at depths up to 20 km.
Ask StreetZero about Quaise Energy, Inc.
Put our AI to work on this deal.
Similar companies
Other Other Energy deals, ranked by Signal.
Source document & SEC filing
The source SEC filing and the cached document are available to members only. Sign in to view and download them.
Sign in to view the filing Create free account