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Business

Quaise Energy Selected for Up to $25 Million in U.S. Department of Energy Support to Advance World’s First Commercial Superhot Geothermal Power Plant

Financial Post ·

HOUSTON -- Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced that it has been selected by the U.S.

Department of Energy (DOE) for up to $25 million in funding under the Next-Generation Geothermal Field Tests and Geothermal Resource Characterization and Confirmation funding opportunity.

The support brings the U.S. closer to commercializing superhot Enhanced Geothermal Systems — technology that could unlock firm, clean power from hot rock beneath virtually any geography in the country.

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