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Quaise Energy Raises $134M for Superhot Geothermal
Quaise Energy raised $134 million in a Series B round led by Prelude Ventures, with JERA and Idemitsu joining, to build Project Obsidian, a superhot geothermal plant in Oregon. The startup uses microwave drilling technology from MIT to reach deeper, hotter rock and aims to deliver first power by 2030.
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