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US startup raises $180m to drill5km deep for superhot geothermal power

Quaise Energy has successfully raised $180 million for its groundbreaking superhot geothermal plant initiative. Utilizing cutting-edge microwave technology, the project vaporizes rock instead of using conventional drill bits. Collaboration with Nabors Industries will provide esse

This story summarizes reporting from Times of India. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

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TOI WORLD DESK30 Aug 2026, 07:25 amUpdated 15h ago1 min readIndiaIndia
US startup raises $180m to drill 5km deep for superhot geothermal power

India — TOI WORLD DESK

Quaise Energy has successfully raised $180 million for its groundbreaking superhot geothermal plant initiative. Utilizing cutting-edge microwave technology, the project vaporizes rock instead of using conventional drill bits. Collaboration with Nabors Industries will provide essential drilling expertise and equipment. The Obsidian Project, located in Oregon, is set to generate 50 MW by 2030, paving the way for a sustainable energy future.

This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India →

Source: Times of India · TOI WORLD DESK. Published 30 Aug 2026, 07:25 am.

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