Quaise Energy Raises $134 Million in Initial Close of Series B to Build World’s First Superhot Geothermal Power Plant

Quaise Energy Raises $134 Million in Initial Close of Series B to Build World’s First Superhot Geothermal Power Plant

Prelude Ventures led the round, with participation from JERA Co., Inc., Japan's largest power generation company, and Idemitsu Kosan, one of Japan's largest integrated energy companies

Series B equity is the first component of a diverse financing that includes project-level capital and debt

Quaise's millimeter wave drilling system is approaching one kilometer of depth at its Central Texas field site

Series B proceeds fund Project Obsidian in Central Oregon, the world’s first commercial superhot geothermal power plant