Quaise Energy - Comprehensive Market Research Report
Company Overview
Name:
Quaise Energy
Mission:
Unlocking the true power of clean geothermal energy to bring an equitable, inexhaustible, and clean energy source to future generations.
Founded:
Quaise Energy's technology is based on a decade of research conducted by Paul Woskov at MIT's Plasma Science and Fusion Center. The company was formally founded around 2018.
Founders:
- Carlos Araque
- Matthew Houde
Key People:
- Carlos Araque: Co-founder, Chief Executive Officer
- Matthew Houde: Co-founder, ARPA-E Project Manager
- Kevin Bonebrake: Chief Financial Officer
- Franck Monmont: Vice President, Research
- Henry Phan: Vice President, Engineering
- Trenton Cladouhos: Vice President, Geothermal Resource Development
- Geoffrey Garrison: Vice President, Operations
Headquarters:
No information available.
Number of Employees:
No information available.
Revenue:
No information available.
Company Focus:
Quaise Energy is known for developing advanced geothermal drilling technology capable of tapping into the deep geothermal heat beneath the Earth's surface, enabling a scalable and powerful clean energy source.
Products
Gyrotron-Powered Drilling Platform
Description:
A revolutionary drilling system that utilizes millimeter wave technology to vaporize rock and create ultra-deep boreholes, enabling access to superhot geothermal energy.
Key Features:
- Millimeter Wave Technology: Uses high-power millimeter waves to drill deeper, hotter, and faster than conventional methods.
- Gyrotron Component: A device that produces millimeter waves, located on the surface.
- Waveguide System: Standard tubing that efficiently conveys millimeter waves deep into the borehole.
- Purge Gas: Vaporizes rock and carries debris back to the surface.
- Vitrified Borehole: Creates stable boreholes at unprecedented depths and temperatures.
Recent Developments
New Products Launched:
- Full-Scale Hybrid Drilling Rig (2024): A combination of conventional rotary drilling and millimeter wave drilling capabilities.
- Superhot Enhanced Geothermal System (2026): Expected to be rated at 100 MW of thermal energy from a handful of wells.
- Repowered Fossil-Fired Power Plant (2028): First power plant repowered with clean geothermal steam.
New Features Added:
- Geothermal Model: June 2024: Insights into extracting renewable energy from superhot, super-deep rock.
- Computer Modeling for Well Stability: Expected to be completed by late 2024.
New Partnerships:
- MIT Plasma Science and Fusion Center: Collaboration on millimeter wave technology.
- Oak Ridge National Laboratories: Physical host for Quaise experiments.
- AltaRock Energy and Impact Technologies: Collaborative efforts to further the development of drilling technology.
- Department of Energy (DOE): $5M grant for developing new drilling technology as part of ARPA-E.
Featured News
Significant Achievements:
- June 28, 2022: Coverage by MIT News on utilizing the energy source beneath our feet and plans to retrofit coal and gas power plants using advanced geothermal technology.
- August 1, 2024: Millimeter Wave Drilling featured as a key to clean energy abundance.
- March 29, 2024: IEEE Spectrum reports on fusion technology application for geothermal energy.
- May 5, 2023: Quaise Energy CEO discusses the potential of geothermal energy to provide half the world’s energy on Energy Monitor.
Notable Insights:
- Deep Geothermal Energy: Highlighted for its origin and future significance.
- Intermittency of Renewable Sources: Addressed as a challenge that geothermal energy can overcome.
Conclusion
Quaise Energy is on the frontier of geothermal innovation, employing advanced millimeter wave drilling technology to unlock vast amounts of clean, renewable energy. Its gyrotron-powered drilling platform represents a major leap in accessing deep geothermal heat, which could revolutionize the energy landscape and drive the transition to sustainable power sources.
Contact Information:
- Jobs: jobs@quaise.energy
- Press: press@quaise.energy
- Website: www.quaise.energy (© Quaise Energy 2024)
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