Quaise Energy Secures $40M Series A To Unlock Terawatt-Scale Geothermal Energy
02/08/22, 12:30 PM
Location
cambridgeMoney raised
$40 million
Round Type
series a
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.
Company Info
Location
cambridge, maryland, united states
Additional Info
Quaise is developing and commercializing novel millimeter wave drilling systems to harness geothermal energy around the globe, overcoming the geographic constraints limiting this energy source today. Quaise’s technology enables the clean energy transition by accessing the largest source of power-dense clean energy on Earth. More about Quaise www.quaise.energy.