Quaise Energy has raised $134 Million in new Series B funding
According to filings with the U.S. Securities and Exchange Commission, Quaise Energy has raised $134 Million in new Series B funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
Investors in the company’s current round of funding include: Prelude Ventures, JERA, and Idemitsu
About Quaise Energy
Quaise Energy is unlocking the Earths deep heat to deliver clean, reliable, baseload energy at scalealmost anywhere in the world. As both a technology innovator and project developer, Quaise builds and operates solutions that harness superhot geothermal energy far below the surface, enabling power generation that can rival the output of todays most efficient fossil fuel and nuclear plants. With its millimeter wave drilling technology, developed after more than a decade of research at the Massachusetts Institute of Technology (MIT), Quaises mission is to make superhot geothermal a backbone of the modern energy system, offering affordable, zero-carbon power and true energy independence for communities and nations everywhere.
To learn more, visit https://www.quaise.com/
Linkedin: https://www.linkedin.com/company/quaise-energy/
Contact:
Carlos Araque, Chief Executive Officer
https://www.linkedin.com/in/quaise/
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