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Quaise Energy Secures $40M Series A To Unlock Terawatt-Scale Geothermal Energy

Feb 08, 2022•over 3 years ago

Amount Raised

$40 Million

Round Type

series a

Cambridge

Description

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 Information

Company

Quaise

Location

Cambridge, Maryland, United States

About

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.

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