Quaise Energy Stock
| Valuation | n/a |
| Valuation Date | Aug 27, 2026 |
| Implied Valuation | n/a |
| Last Price | $24.11 |
| 52-Week High | $24.11 |
| 52-Week Low | $5.00 |
| YTD Return | +244.43% |
| 1-Year Return | +378.37% |
| 3-Year Return | n/a |
| Total Funding | $280M1 |
| Latest Round Amount | $180M1 |
| Latest Round | Series B |
| Funding Rounds | n/a |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Quaise Energy
Quaise Energy is a geothermal energy company developing a drilling system that uses high-power millimeter waves to vaporize rock rather than cut it with a conventional drill bit. The approach comes out of more than a decade of gyrotron research at MIT's Plasma Science and Fusion Center. It is meant to reach superhot rock at 300 to 500 degrees Celsius, where a single well can produce power at a density closer to a fossil fuel or nuclear plant than to conventional geothermal. Quaise is also a project developer. Its first plant, Project Obsidian, is under construction on federal geothermal leases near the Newberry Volcano in central Oregon and is designed to deliver 50 megawatts by 2030 before scaling to 250 megawatts. The company has no revenue yet and plans to make money by selling electricity under long-term power purchase agreements, having already signed an offtake agreement for Obsidian's first 50 megawatts.
Invest in Quaise Energy
Quaise Energy is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
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News
Geothermal Start-Up Quaise Taps Fusion Firm for Next-Gen Tech
Quaise ordered a gyrotron component from Kyoto Fusioneering to power its millimeter-wave drilling technology, linking fusion hardware to geothermal development.
Quaise Energy Selected for Up to $25 Million in U.S. Department of Energy Support to Advance World's First Commercial Superhot Geothermal Power Plant
The U.S. Department of Energy selected Quaise for up to $25 million to advance Project Obsidian, its commercial superhot geothermal plant in Oregon.
Quaise Energy Closes $180 Million Series B with $35 Million Investment from Nabors Industries and Strategic Framework to Build World's First Superhot Geothermal Power Plant
HOUSTON--(BUSINESS WIRE)--Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced the final close of its Series B, raising a total of $180 million in equity fin...
Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy
Investment increases Nabors' ownership to extend its technology-enabled growth strategy and positions the Company to support the commercialization of next-generation superhot geothermal drilling HAMIL...
JERA Invests in Quaise Energy, a U.S. Growth-Stage Developer of Next-Generation Superhot Geothermal Energy Technology
JERA, Japan's largest power generation company, announced a strategic investment in Quaise Energy through JERA Ventures. The investment was made as part of Quaise's Series B financing.
This Houston geothermal startup is betting it can beat fossil fuels on cost
Fast Company profiles Quaise Energy and its argument that superhot geothermal wells can deliver baseload power at a cost competitive with fossil fuels. The piece covers the company's millimeter wave d...
Quaise Energy CEO Carlos Araque on Series B
Axios Pro interviews Quaise chief executive Carlos Araque about the company's Series B financing and its path to commercial deployment.
Quaise Energy Raises $134 Million in First Close of Series B to Build World's First Superhot Geothermal Power Plant
Quaise announced the first close of its Series B financing at $134 million, led by Prelude Ventures with strategic investments from JERA and Idemitsu. The round brings total funding to $230 million an...
Geothermal Startup Raises $134 Million for Drilling Superhot Rocks
Bloomberg reports on Quaise Energy's Series B raise and its plan to drill into superhot rock using millimeter wave energy rather than conventional drill bits.
Quaise Energy raises $134M to fuel superhot geothermal ambitions
Canary Media reports that Quaise closed the first tranche of its Series B and is preparing to drill its first test well for Project Obsidian. The company is separately seeking about $100 million in gr...
MIT spinout raises $134M to advance three-mile drilling into Earth's superhot rock
Interesting Engineering covers the Series B and Quaise's progress at its Central Texas field site, where its drilling system is approaching one kilometer of depth.
Quaise Energy on track to build world's first power plant using superhot geothermal energy
Quaise reported progress toward building what it says will be the first commercial power plant to run on superhot geothermal energy.
Introducing Project Obsidian
Quaise unveiled Project Obsidian, its flagship superhot geothermal power plant on federal leases in the Deschutes National Forest in central Oregon. The first phase targets 50 megawatts, with a second...
Quaise Energy supports Oregon State University work to transform clean energy with geothermal technology
Quaise is backing Oregon State University research that recreates extreme subsurface conditions in the laboratory to study superhot geothermal reservoirs.
Physicists model Quaise Energy's approach to drilling for superhot geothermal energy
Quaise described published modelling work by physicists on the behaviour of millimeter waves as they vaporize rock, which underpins the company's drilling method.
Quaise Energy hosts live public demos of tech that could unlock clean, renewable geothermal energy for the world
Quaise ran public demonstrations of its millimeter wave drilling system at a quarry in Marble Falls, Texas.
Field Testing Our Millimeter Wave Technology for the First Time
Quaise described the first field test of its millimeter wave drilling technology outside the laboratory, at its Central Texas site.
Quaise Energy to Showcase Breakthrough Superhot Geothermal Technology at Live Demonstrations
Quaise announced a series of live demonstrations of its hybrid drilling rig for industry, government and academic audiences.
Quaise Energy Achieves Drilling Milestone with Millimeter Wave Technology
Quaise said its millimeter wave system drilled more than 100 meters through granite in full-scale field conditions, the first time the technology penetrated basement rock outside the lab.
Major Demo Keeps Quaise Energy on Track to Power the World with Clean, Renewable Geothermal Energy
Quaise reported results from a major demonstration of its drilling platform and said the company remains on schedule toward commercial deployment.
World's First MMW Hybrid Drilling Rig
Quaise introduced what it describes as the first full-scale hybrid rig combining conventional rotary drilling with millimeter wave drilling.
Quaise Energy reports new insights into designing superhot geothermal plants
Quaise published findings on how superhot geothermal power plants should be designed, covering well configurations and surface equipment.
Quaise Energy and Nevada Gold Mines Partner on Deep Geothermal Pilot Plant to Decarbonize Mining
HOUSTON--(BUSINESS WIRE)--Quaise Energy, Inc. (Quaise) and the Barrick-operated Nevada Gold Mines (NGM), a joint venture with Newmont Corporation, are exploring additional decarbonization of NGM's TS ...
Quaise Energy Appoints Ali Azad as Independent Board Director
Quaise added Ali Azad to its board of directors as an independent director.
Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Geothermal Energy
Quaise closed a $21 million Series A1 round led by Prelude Ventures and Safar Partners, with Mitsubishi Corporation and Standard Investments among the new investors.