ALPHAXIOMS Geothermal News & Energy Research

Quaise Energy Wins DOE Support for Project Obsidian as Superhot Geothermal Moves Toward Commercial Scale Quaise Energy’s selection for up to $25 million in U.S. Department of Energy support is a meaningful milestone for superhot geothermal power, especially because it is tied to Project Obsidian, the company’s flagship commercial-scale Enhanced Geothermal System in Central Oregon. The award strengthens the case that superhot geothermal is shifting from laboratory promise toward field-tested infrastructure, with the first well triplet designed to validate a path to more than 25 megawatts of gross electric power and future expansion potential much larger than that.  DOE backs superhot geothermal The U.S. Department of Energy selected Quaise under its Next-Generation Geothermal Field Tests and Geothermal Resource Characterization and Confirmation funding opportunity, part of a broader $99 million geothermal push announced this week .According to DOE, the selected projects are mean...

Quaise Energy Raises $180 Million as Superhot Geothermal Moves Closer to Commercial Reality Quaise Energy has taken a major step toward commercializing superhot geothermal power with the final close of its Series B financing, bringing in $180 million in equity capital and lifting total funding to $280 million. The round includes a $35 million investment from Nabors Industries and a strategic framework agreement that strengthens the companies’ collaboration around drilling operations, technology integration, and commercial development. The announcement matters because it is not just another clean-energy funding headline. It is a signal that superhot geothermal is starting to attract the kind of capital, industrial partnerships, and technical confidence that are usually needed before a frontier energy technology can move from laboratory promise to real-world deployment. A Big Capital Milestone The final close of the Series B gives Quaise a stronger financial base to advance Project Obs...

Earth's New Power Plant, Quaise Energy Raises $134M to Unlock Superhot Geothermal Energy By: Robert Buluma In a landmark moment for the renewable energy sector, Quaise Energy has secured $134 million in the first close of its Series B funding round, propelling the world's first commercial superhot geothermal power plant from blueprint to reality. This isn't just another funding announcement, it's a declaration that the era of limitless, clean, baseload energy from beneath our feet has officially begun. The Dawn of a New Energy Frontier The energy industry has been searching for the "holy grail" for decades: a source of power that is clean, reliable, and available everywhere. Quaise Energy believes it has found the answer, not in the sun or the wind, but deep within the Earth's crust. The company's ambitious Project Obsidian, located in Oregon's Deschutes National Forest, is set to become the world's first commercial power plant to harness sup...

The Race to the Earth’s Core: A Superhot Geothermal Showdown By: Robert Buluma After half a century of being confined to geologically unique hotspots, geothermal energy is finally going global. At the heart of this revolution are two very different companies. Mazama Energy and Quaise Energy are both racing to do something that has never been done before: create a commercially viable, superhot rock (SHR) geothermal power plant. But while their destination is the same, their maps for getting there could not be more different. Mazama is taking the most advanced version of the oil and gas industry’s playbook and running it at record temperatures. Quaise is throwing that playbook away entirely and betting on a new kind of drill powered by fusion-grade technology. This is a head-to-head comparison of their technologies, their timelines, and their ultimate potential to reshape our energy landscape. Part 1: Mazama Energy – The Record‑Breaking Reservoir Creator Mazama is not a newcomer to t...

Quaise Energy's Bold Vision for 2026: Pioneering Superhot Geothermal and Millimeter Wave Drilling By: Robert Buluma Image: Quaise Energy’s 2026 Breakthrough: Superhot Geothermal Meets Millimeter Wave Drilling In the rapidly evolving world of renewable energy, few announcements capture the imagination quite like those promising to unlock vast, untapped sources of clean power. On a recent post shared by Carlos Araque, CEO of Quaise Energy, the company declared 2026 as a transformative year—one that could redefine how humanity accesses the Earth's heat for electricity generation. Araque's message highlights groundbreaking progress in two key areas: superhot geothermal energy and millimeter wave drilling. These innovations aim to deliver always-on, zero-carbon power at unprecedented scales, potentially revolutionizing global energy security and sustainability.  What is Superhot Geothermal? Traditional geothermal energy taps into hot water or steam reservoirs near the Earth...

New Zealand and Iceland Forge a Historic Partnership to Advance Superhot Geothermal Energy By: Robert Buluma In a defining moment for global clean energy innovation, New Zealand and Iceland have signed a landmark agreement to deepen cooperation on geothermal energy development. The arrangement—formalized at COP30 in Belém, Brazil—positions both nations at the forefront of a new era of renewable energy technology, especially in the emerging field of superhot and supercritical geothermal systems. This partnership is more than a diplomatic gesture; it represents a powerful fusion of scientific expertise, drilling innovation, and shared national ambition. For countries looking to harness geothermal as a reliable baseload solution, the New Zealand–Iceland alliance sets a new standard for international energy collaboration. A Partnership Rooted in Decades of Geothermal Excellence New Zealand and Iceland are globally recognized for their geothermal resources and world-leading technical expert...