Articles from Quaise Energy

Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced the first close of its Series B financing, raising $134 million with additional equity and debt capital expected to close imminently. The round was led by Prelude Ventures, with strategic investments from JERA and Idemitsu, two of Japan's largest energy companies. Nearly all existing investors, including Safar Partners, participated in the round.

Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced a series of live public demonstrations at its field site in central Texas. Attendees will watch the company’s proprietary millimeter wave drilling technology in action, an innovation that could make it possible to generate firm, utility-scale electricity nearly anywhere on Earth. Demonstrations begin on September 4, 2025 and will take place every two weeks through November 20, 2025.

Quaise Energy, a leading developer of grid-scale superhot geothermal energy, today announced it has successfully drilled to a depth of 100 meters using its proprietary millimeter wave technology at its field site in Central Texas. This achievement sets a record for millimeter wave drilling and marks a major step forward in unlocking the Earth’s vast geothermal energy as a scalable, baseload energy source.

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the appointment of Ali Azad as an independent board director. Azad brings to the board more than forty years of experience in executive leadership and operational positions for first-of-a-kind power project deployments in high-tech, high-regulation environments.

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance Quaise field operations and strengthen the company’s supply chain position, while ongoing product development will continue with pre-existing capital.

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the hiring of Dr. Geoffrey Garrison as Vice President of Operations and Dr. Trenton Cladouhos as Vice President of Geothermal Resource Development. Garrison and Cladouhos bring decades of expertise in geothermal development and high-temperature systems. They will report to Quaise Co-Founder and Chief Executive Officer Carlos Araque.

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today that it appointed Kevin Bonebrake to the position of Chief Financial Officer and Head of Corporate Development. He will report to Quaise’s Co-Founder and Chief Executive Officer, Carlos Araque. Bonebrake's responsibilities include overseeing a team that develops and executes on all aspects of Quaise’s strategy as well as funding and commercializing its innovative millimeter wave drilling technology for power-dense, deep geothermal energy applications.

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $40M Series A financing round led by Safar Partners with participation from Prelude Ventures, Fine Structure Ventures, The Engine, Collaborative Fund, Nabors Energy Transition Ventures, and others. Safar Partners’ Arunas Chesonis and Mark Cupta from Prelude Ventures have joined Quaise Energy's Board of Directors as part of the financing.