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Quaise Energy Selected for Up to $25 Million in U.S. Department of Energy Support to Advance World’s First Commercial Superhot Geothermal Power Plant

Quaise’s Project Obsidian, a commercial-scale superhot Enhanced Geothermal System (EGS), selected to receive federal funding as part of $99 million DOE effort to advance geothermal energy development across the United States Supports completion of the first well triplet at Project Obsidian, targeting more than 25 megawatts of gross electric power Project team includes Pacific Northwest […]

We haven't written up this one. Financial Post has the full story — the link below goes straight to it.

Read the original at financialpost.com →

More in Business

The companies that were never fundable are now buildable

Ask a European founder how the company is going and you’ll usually hear a number of answers. Ask an investor how a portfolio company is progressing and headcount will often be among the first three…

  • European startups can now build products for tens of thousands market with under a dozen people
  • Engineering costs have decreased, making previously unfundable businesses viable
  • Investors need to shift focus from headcount to shipped products and team discipline

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