Quaise Energy, Inc

Quaise Energy is an innovative energy company based in Cambridge, Massachusetts, founded in 2018 from research at the MIT Plasma Science and Fusion Center. Led by CEO Carlos Araque and co-founders Matt Houde and Aaron Mandell, Quaise aims to unlock global geothermal energy through advanced drilling technologies, contributing to a sustainable energy future.The company specializes in deep geothermal energy extraction using a millimeter-wave drilling system powered by gyrotrons. This technology enables drilling up to 20 kilometers deep without fracking, allowing access to supercritical water that enhances energy extraction efficiency. Quaise's approach is geography agnostic, making it applicable worldwide, and it focuses on repurposing existing fossil-fired power plants to utilize geothermal energy. With over $95 million in funding, including a recent $21 million Series A1 round, Quaise is positioned to accelerate the deployment of its technology on a large scale.