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illuminem summarises for you the essential news of the day. Read the full piece on CNBC or enjoy below:
🗞️ Driving the news: Quaise Energy, a Massachusetts-based startup, is advancing “superhot” geothermal technology capable of tapping ultra-deep heat sources up to 12 miles underground
• Using a novel electromagnetic drilling system that vaporizes rock, Quaise aims to extract energy at temperatures exceeding 500°C — unlocking up to 10 times more power per well compared to conventional geothermal
• The company plans to pilot the world’s first superhot geothermal power plant by 2028 near Bend, Oregon
🔭 The context: Traditional geothermal has powered heating for centuries, but superhot geothermal represents a radical leap in potential output
• While conventional oil and gas drilling typically reaches depths of 2–3 miles, Quaise’s approach targets significantly deeper and hotter rock formations
• The technology, initially developed at MIT in 2007, has recently been demonstrated in partnership with oilfield services company Nabors Industries, which is also a key investor
🌍 Why it matters for the planet: Superhot geothermal could offer a near-limitless, zero-carbon baseload energy source — vital for powering energy-intensive sectors like artificial intelligence, data centers, and electrified manufacturing
• Its compact footprint and potential for retrofitting oil and gas infrastructure make it attractive for decarbonization without massive new land use
• However, the technical complexity and high upfront drilling costs remain critical hurdles to scale
⏭️ What's next: Quaise plans to complete its demonstration power plant by 2028, with support from investors including Mitsubishi and Prelude Ventures
• The U.S. Department of Energy has voiced strong support, especially given superhot geothermal's role in supporting AI and industrial growth. Continued federal backing — preserved even in recent legislative shifts — positions geothermal as a bipartisan energy priority
• If successful, Quaise's model could pave the way for global deployment and workforce transitions from fossil fuels
💬 One quote: “To access the resource at a scale that actually matters, we have to drill hotter first and deeper second.” – Carlos Araque, CEO of Quaise Energy
📈 One stat: Superhot geothermal can deliver 5 to 10 times more power per well than conventional geothermal systems
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