Mazama Energy

Hephae’s high-temperature drilling tool targets cost cuts in next-gen geothermal, backed by pilots with Fervo and Mazama, with meaningful funding and capacity expansion plans that signal scaling potential.

Quaise Energy raises $134M in a first tranche of its Series B to push a 50MW “superhot” geothermal plant in Oregon (Project Obsidian), aiming for 2030 COD, with total funding at $230M and plans to secure ~$100M more in grants/debt and sign power deals, backed by Prelude Ventures and strategic investors including JERA and Idemitsu Kosan.