An MIT spinoff has secured significant funding for a project that will use fusion power tech to drill 12 miles into the Earth and harvest the immense energy down there.
According to a press release, Quaise received $40 million in series A funding last month. The money is going to be used to drill one of the deepest holes of all time. It could give humans access to a lot of clean and renewable energy.
That is correct. There is fusion drilling.
Mark Cupta, managing director at Prelude Venture and one of the investors in the company, said in the release that they need a massive amount of carbon-free energy in the coming decades.
Quaise Energy is the perfect complement to our current renewable solutions, allowing us to reach baseload sustainable.
fusion tech can be used to dig these ultra-deep holes and offer a number of benefits. Traditional drill bits are limited by how far they can go before hot temperatures, gasses, and liquids prevent them from going further.
Quaise would use a machine called a gyrotron, which is used to create millimeter waves to superheat plasma. The startup would point at the ground and use energy beams to drill into it.
The tech has the ability to take drilling to a depth we have never seen before. In theory, this could allow people to access power from the Earth no matter where they are in the world.
This tech has a long way to go. Quaise will launch its first full-scale demonstration machines in 2024, with its first commercial operation by 2026. There is a chance that this could be stopped from ever launching because of supply chain issues or running out of funding.
The idea of a fusion drill tapping into the Earth for clean energy is pretty cool.
Fusion tech is set to open a new world of ultra-deep geothermal energy.
Scientists claim the Earth's core is a weird new state of matter.
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