An American company is planning to dig the world’s deepest hole to tap into an inexhaustible supply of geothermal energy from the Earth’s crust.
Information technology director Quaise Energy has raised $63 million to conduct a record-breaking 20 kilometers below the planet’s surface – nearly twice as deep as the deepest holes ever made – where temperatures reach 500C.
Quaise Energy describes the project as a “necessity, not an option,” providing an energy source as powerful as any fossil fuel and as clean as solar, wind or hydroelectricity.
“Deep geothermal energy is at the core of an energy-free world,” the company’s website states.
“Our mission is to bring this clean, renewable, inexhaustible source of energy to future generations. This is the profound power of deep geothermal. We are opening up the energy for everyone.”
Geothermal is one of the oldest sources of energy in the world harnessed by humans, but factories are currently being built in areas of high tectonic activity where hot rocks lie close to the surface. face.
To make deep geothermal energy more accessible, Quaise Energy is developing a pioneering form of drilling called millimeter wave electromagnetic drilling, which uses vacuum tubes to fire high-powered beams of light that burn the Earth. effectively.
According to the company, the breakthrough could allow any country on Earth to become energy independent, while also solving the climate crisis.
“We need a huge amount of carbon-free energy in a clean energy start-up,” said Mark Cupta, chief executive officer of Prelude Ventures, which just entered a $40 million Series A funding round for the clean energy startup. coming decades.
“Quaise Energy offers one of the most resource-efficient and virtually infinitely scalable solutions for powering our planet. It is the perfect complement to our current renewable solutions, allowing us to achieve basic sustainable electricity in the not too distant future. ”
The latest round of funding will be used to accelerate product development and build ready-to-use drills that are likely to be deployed in 2024.
Quaise Energy will also double its engineering team, currently based in Boston, Houston and the UK.
https://www.independent.ie/world-news/worlds-deepest-hole-offers-infinite-clean-energy-41450921.html World’s deepest hole offers ‘infinite clean energy’