Startup company to dig 20-km hole to unlock geothermal energy 'anywhere in the world'

A startup company plans to drill one of the deepest holes on Earth to harness geothermal energy.

Founded in 2018, Quaise Energy uses technology based on research conducted by Paul Waskov at the Massachusetts Institute of Technology (MIT).

Using gyroton vacuum tubes, the company utilizes modern fusion technology to dig a deep hole on the ground.

"Millimeter wave drilling will unlock the most abundant and powerful clean energy source on Earth by allowing  us to drill down to 20 km and 500 degrees Celsius," Quaise said.

The company has raised $70 million (P4 billion) to fund the project and explore geothermal energy underground.

"Our technology allows us to access energy anywhere in the world, at a scale far greater than wind and solar, enabling future generations to thrive in a world powered with abundant clean energy," said Carlos Araque, CEO of Quaise Energy.

According to Quaise, deeper geothermal energy is more universal compared to geothermal energy sources on the surface of the Earth.

"At these depths, we can reach geothermal anywhere on Earth, making it a truly global energy source. It provides a path to energy independence for every nation."

—MGP, GMA News