On the geothermal side: Startup Quaise Energy has raised $134M for its Oregon geothermal plant, Project Obsidia, which is set to come online by 2030. The company relies on a sci-fi approach: blasting millimeter waves to melt and vaporize rocks too deep and hot for traditional tech to reach.
On the nuclear side: Fuel producer Standard Nuclear aims to raise $3.5B in its IPO. If successful, the company would trounce Fervo’s $1.9B IPO and X-energy’s $1B IPO.
Molly Glick
Energy Central Team
Thu, Jul 9