Cambridge, MA – According to filings with the U.S. Securities and Exchange Commission, Quaise is raising $44,990,998.00 in new funding. Sources indicate as part of senior management President, Carlos Araque played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Quaise
Quaise develops millimeter wave drilling systems for deep geothermal heat access. Our technology is the only approach in the world with the potential to build geothermal wells at unprecedented depths and temperatures. By targeting depths up to 20 kilometers and temperatures up to 500 degrees Celsius, we will have the ability to build clean electric generation and heat distribution plants within a short distance of every major population and industrial center on the planet, at a fraction of the footprint of other renewables.

To learn more about Quaise, visit http://www.quaise.energy/

Contact:
Carlos Araque, President
787-400-2277
https://www.linkedin.com/in/carlos-araque-458541138/

SOURCE: http://www.intelligence360.io
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