Last Update: 09/19/2026 at 11:33 PM EST

Drilling Toward Superhot Geothermal Power

Coverage from Global Renewable News, New Atlas, and others

Drilling Toward Superhot Geothermal Power topic image

Quaise Energy is raising substantial private capital to commercialize millimeter-wave drilling for accessing deep rock at temperatures of roughly 300–500°C.

The company is developing Project Obsidian in central Oregon, initially targeting a 50-megawatt superhot geothermal plant by 2030, while advancing field demonstrations and partnerships with energy and drilling companies. The approach could expand geothermal power beyond areas served by conventional resources, but its commercial performance and ability to reach planned depths remain unproven.

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09/03/2026

The story now includes a reported expansion of Quaise’s financing to $180 million and a new strategic role for Nabors Industries. Coverage also more explicitly frames the 50-megawatt, 2030 Oregon target and commercial drilling performance as unproven.

All Articles6 articles
Important2 articles · CI Score 60 and above
Global Renewable News
Idemitsu Kosan invested in Quaise Energy in order to develop millimeter-wave drilling for enhanced geothermal systems targeting 300-500 C zones and up to 20 km depth in Japan and worldwide.
6/30/2026 • Clean Energy & Emissions • General
New Atlas
Quaise Energy in the United States is developing millimeter-wave geothermal drilling and building Project Obsidian near Newberry Volcano in Oregon, targeting 50 MW by 2030.
5/10/2026 • Clean Energy & Emissions • General
Interesting4 articles · CI Score 45–59
Canary Media
Quaise Energy raised $134 million in Series B funding in the United States to start drilling Project Obsidian near Oregon's Newberry Volcano and target 2030 power.
7/8/2026 • Clean Energy & Emissions • General
Interesting Engineering / Prabhat Ranjan Mishra
Quaise Energy raised $180 million in July 2026 to develop a superhot geothermal power plant with Nabors Industries in Central Oregon.
8/31/2026 • Clean Energy & Emissions • General
OilPrice.com
Houston-based Quaise Energy has raised $180 million to develop enhanced geothermal drilling for reliable clean power amid rising artificial intelligence and data-center electricity demand.
9/2/2026 • Clean Energy & Emissions • General
Global Renewable News
Quaise Energy raised $134 million in Series B financing to build Project Obsidian and expand millimeter-wave drilling demonstrations in Texas and geothermal development in Oregon, targeting first grid power by 2030.
7/8/2026 • Clean Energy & Emissions • General