Quaise raises $134M to drill superhot rock with microwaves

Quaise Energy has secured $134 million in funding to develop a novel geothermal drilling technology that uses microwaves instead of traditional drill bits to reach superhot rock deep underground, aiming to produce more efficient and cost-effective geothermal energy. The company plans to build the world's first commercial superhot geothermal plant in Oregon, targeting power generation by 2030, with significant demand driven by AI data centers. While the technology is still unproven at commercial,