Quaise Energy raises $180M to build superhot geothermal plant in Oregon by 2030
US-based startup Quaise Energy has secured $180 million in funding to develop a superhot geothermal energy project. The company plans to drill approximately 5 kilometres underground using microwave technology that vaporises rock, replacing traditional drill bits. Quaise has partnered with Nabors Industries to leverage its drilling expertise and equipment for the venture. Known as the Obsidian Project, the facility will be located in Oregon and is targeted to produce 50 MW of power by 2030. The initiative represents a significant step toward scalable, clean geothermal energy generation.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)
Log in to join the discussion and vote.
Log in