There’s a power crunch looming as AI and cloud providers ramp up data center construction. But a new report suggests that a solution lies beneath their foundations. Advanced geothermal power could supply nearly two-thirds of new data center demand by 2030, according to an analysis by the Rhodium Group. The additions would quadruple the amount […]
AirMyne taps geothermal energy to scale direct air carbon capture
Sometimes insurance isn’t just money. Sometimes it’s equipment. That’s one way to think about direct air capture, a technology which uses machines to pull carbon dioxide straight from the atmosphere. The idea has been floating around for years, but it received a surge of interest in the wake of a 2022 report by the UN […]
Geothermal startup Quaise is raising $25M as it gears up for drilling
Geothermal startup Quaise Energy is raising a new funding round, TechCrunch+ has exclusively learned. The company filed new paperwork yesterday with the SEC, stating that it had raised $ 13 million of an expected $ 25 million. The new round will be priced, Quaise’s co-founder and CEO, Carlos Araque, told TechCrunch+. The funds will be […]