MIT spinout raises $134M to advance three-mile drilling into Earth’s superhot rock ^66.7%

Interesting Engineering - By Neetika Walter - 7/7/2026, 8:52 PM

Optimism Bias 44.3% - Appeal to Authority 21.4% - Biased Writer Voice 20.4%

Quaise Energy, a geothermal startup spun out of the Massachusetts Institute of Technology (MIT), has raised $134 million to commercialize a millimeter-wave drilling technology designed to reach ultra-hot rock deep beneath the Earth’s surface, paving the way for what it says will be the world’s first commercial superhot geothermal power... more