Quaise Energy Achieves Drilling Milestone with Millimeter Wave Technology
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 Appoints Ali Azad as Independent Board Director
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 Raises $21 Million to Accelerate Terawatt-Scale Deep Geothermal Energy
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 Appoints Dr. Geoffrey Garrison as Vice President of Operations and Dr. Trenton Cladouhos as Vice President of Geothermal Resource Development
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 Appoints Kevin Bonebrake as Chief Financial Officer and Head of Corporate Development
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 Secures $40M Series A to Unlock Terawatt-Scale Geothermal Energy
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.
