(Think Geoenergy) — Geothermal drilling technology startup Quaise Energy has announced an expansion of their Series A financing round from USD 40 million to USD 52 million. The additional USD 12 million financing round was led by TechEnergy Ventures, the Corporate Venture Capital group within the Energy Transition Division of Tecpetrol, which is a part of the Techint Group.
Quaise Energy Secures Additional $12m from Series A Funding
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Drilling 12 Miles Down to Tap Geothermal Energy
Most geothermal power today comes from natural geysers or drilling operations that plunge a few miles down to harness heat from buried rock. Quaise Energy, a startup based in Boston, is taking a third approach: digging deeper—and using more heat—than any company has...
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