Quaise Energy raises $134M to fuel superhot geothermal ambitions

July 07, 2026 at 6:30 PM
Maria Gallucci
Canary Media Renewables_Storage Batteries & BESS ✓ Processed

Summary

Startup Quaise Energy has raised $134 million to advance its first superhot geothermal power plant in central Oregon. On Tuesday, the Houston-based company announced the first tranche of its Series B financing round, which brings the firm’s total funding to $230 million. Quaise is developing a 50-megawatt plant near…

Startup Quaise Energy has raised $134 million to advance its first superhot geothermal power plant in central Oregon. On Tuesday, the Houston-based company announced the first tranche of its Series B financing round, which brings the firm’s total funding to $230 million. Quaise is developing a 50-megawatt plant near…

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