Quaise launches with $6 million to unlock Earth’s most abundant clean energy source

MIT spinoff Quaise Inc. has raised $6 million in a funding round led by The Engine. The company is working to develop and commercialize a new hybrid deep drilling technology for geothermal energy, pioneered by Paul Woskov and a team at MIT’s Plasma Science and Fusion Center. The early research for this technology was supported through MITEI’s Seed Fund grant program.