Quaise Energy

Quaise Energy

Deep geothermal energy via millimeter-wave drilling

Overview

Quaise Energy develops deep geothermal energy using a millimeter-wave drilling system to reach temperatures above 400°C at depths up to 20 kilometers. The goal is to retrofit existing coal and gas power plants to tap a stable, weather-independent clean energy source, avoiding hydraulic fracturing. The company leverages gyrotron-based drilling technology adapted from fusion research and has demonstrated field tests to show progress toward scalable deep geothermal deployment.

Funded Recently

About Quaise Energy

Simplify's Rating
Why Quaise Energy is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Hardware

Industrial & Manufacturing

Energy

Company Size

51-200

Company Stage

Series B

Total Funding

$238M

Headquarters

Cambridge, Massachusetts

Founded

2018

People at Quaise Energy

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Simplify's Take

What believers are saying

  • Raised $134M Series B to build 50MW Project Obsidian in Oregon, with confirmation well planned July 2026
  • Idemitsu Kosan invested to accelerate next-gen geothermal tech and boost Japan's energy security using Quaise's technology
  • Scales to 250MW by 2030 and gigawatt later, with tiny 8-hectare footprint delivering always-on zero-carbon baseload power

What critics are saying

  • Millimeter-wave drilling fails commercial depth/speed targets at >300°C, halting Project Obsidian before 2030 with 45–60% probability in 12–18 months
  • Superhot water geochemistry causes silica corrosion and mineral scaling, degrading well integrity and forcing costly retrofits within 18–24 months
  • Competitor Mazama Energy advances similar EGS tech faster, capturing prime geothermal leases Quaise needs for scaling by 2027–2028

What makes Quaise Energy unique

  • Uses millimeter-wave drilling to ablate rock without contact, a fusion-derived method enabling 20km depth
  • First commercial plant targeting 300–500°C superhot rock, yielding 10–100x more power per well than conventional geothermal
  • Hybrid approach combining conventional drilling for upper layers with millimeter-wave tech for deep superhot basement rock

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Funding

Total Funding

$238M

Above

Industry Average

Funded Over

7 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$134M
Quaise Energy

Benefits

Hybrid Work Options

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
SolarVision
Apr 26th, 2026
World first superhot geothermal power plant in Oregon.

World first superhot geothermal power plant in Oregon. * 26/04/2026 Quaise Energy is spearheading a groundbreaking initiative in Oregon known as Project Obsidian, aiming to launch the world's first 50-megawatt superhot geothermal power plant by 2030. Utilizing advanced millimeter-wave drilling technology to reach depths of five kilometers, the facility targets rock temperatures exceeding 300°C. This innovative approach promises a high-density, constant renewable energy source with a significantly smaller land footprint than traditional solar or wind farms. If successful, the project could expand to a gigawatt capacity, marking a major milestone in deep geothermal energy extraction. Houston-based startup Quaise Energy has announced progress on its ambitious Project Obsidian, which aims to harness the intense heat found deep within the Earth's crust. The Oregon-based facility is designed to be the world's first power plant utilizing superhot geothermal energy, with an initial capacity of 50 megawatts. Construction is already underway, and the company expects the site to begin operations as early as 2030, providing a consistent source of carbon-free baseload power. The technology behind the project involves reaching rock temperatures above 300°C, a threshold where geothermal energy becomes significantly more energy-dense than conventional systems. To access these depths, Quaise is developing a specialized drilling method that uses millimeter wave energy to melt and vaporize rock. This technique allows for drilling much deeper than traditional mechanical bits, which typically degrade quickly when exposed to the extreme heat and pressure found several kilometers underground. Project Obsidian is situated at a Tier I site where these extreme temperatures are reachable at a depth of approximately five kilometers. The first phase of the project will utilize two different well systems to test various temperature zones - one reaching 315°C and another targeting 365°C. This strategy is intended to reduce technical risks by allowing engineers to refine their processes in the cooler zone before proceeding to the hotter, more challenging environment. A confirmation well is slated for operation later this year to gather essential data on rock strength and fluid behavior. The project's long-term vision is substantial, with plans to eventually scale the Oregon site to 250 megawatts and potentially reach a total output of one gigawatt. Despite its high power potential, the initial facility will have a remarkably small surface footprint of approximately eight hectares, making it far more land-efficient than comparable solar or wind installations. While the potential is high, Quaise engineers are still working to resolve several technical variables, such as the mineral content of the produced water and the final configuration of the power plant. If the project meets its performance goals, these superhot geothermal wells could rival the energy output of the most productive oil and gas wells while contributing to a significant reduction in CO2 emissions. By unlocking deep geothermal resources, the company hopes to move beyond the geographic constraints that currently limit such energy sources to specific volcanic regions.

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