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ARTICLE · 04 JUNE 2024

Energy & Sustainability Client Feature — Quaise

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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This month, we are excited to feature Quaise Energy and its recent success in closing a $21 million Series A1 financing to accelerate terawatt-scale geothermal energy...

United StatesEnergy and Natural Resources
Joshua D. Fox
Joshua D. Fox
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This month, we are excited to feature Quaise Energy and its recent success in closing a $21 million Series A1 financing to accelerate terawatt-scale geothermal energy! This financing round was led by Prelude Ventures and Safar Partners. Amongst several new investors were Mitsubishi Corporation and Standard Investments.

Quaise is uniquely positioned to harness deep geothermal energy worldwide at 3 –20 km below the Earth's surface. Deep geothermal is one of the most promising sources for meeting the global energy transition at scale. A deep geothermal power plant can create 10 times more energy than conventional geothermal resources, provide continuous baseload power, and unlock near-universal access to clean energy on a small land footprint.

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