Technology & Innovation - Qua Energy is developing super hot geothermal technology using ultra-deep drilling to access extremely hot rocks, potentially yielding 5 to 10 times more power per well [1][2] - Quaise Energy's technology, invented at MIT in 2007, utilizes an electromagnetic beam to vaporize rock and reach depths of up to 12 miles (approximately 19 kilometers) where temperatures can reach 500°C [2][3] - The oil industry typically drills to depths of 2 to 3 miles (approximately 3 to 5 kilometers), where temperatures reach no more than 150 to 200°F (approximately 66 to 93°C) [2] Market Opportunity & Potential - Super hot geothermal energy offers a lower net cost for heat due to significantly higher energy output, despite costlier drilling [4] - The market potential is significant due to the increasing power demands from data centers, AI, and electrification [5] - Quaise Energy plans to pilot its super hot geothermal power plant near Bend, Oregon, aiming for readiness by 2028 [4] Investment & Funding - Quaise Energy has received a total of $13 million in VC funding to date [6] - Quaise Energy is backed by investors including Prelude Ventures, Engine Ventures, Sapphire Partners, Mitsubishi, and Collab Fund, in addition to Neighbors Industries [5] Industry Impact & Repurposing - The technology could help repurpose a significant portion of the labor force currently working on oil and gas assets [6]