Quaise Energy

“Oil and gas systems are not depth limited. They are temperature limited. You will find people drilling with mechanical drilling systems all the way down to eight miles, nine miles, pushing really out there, but not hot, right? So the gap is not depth. The gap …”

“Always looking for 800 Fahrenheit, and you'll find it anywhere between three miles to 12 miles deep, depending on where you are in the world.”

“From there in twenty-twenty-eight, so two years later, we'll do another version of that, that is not at three miles, but a little bit deeper and above the 400 degrees Celsius or so. We're basically walking up the temperatures of that site to unlock those outpu…”

“So at the end of the day, the same wellbore, let's call it eight inch in diameter, very typical size it will transfer maybe one to 10 megawatts electric equivalent. If it's flowing at 200 degrees Fahrenheit, I will transfer 10 times that if it's flowing at 800…”

“So we're already getting into market. In that location with a real take or pay PPA because we know that we can point to all of the solutions with precedent.”

“The higher outputs will be a big part of bringing those LCOEs down, and we see a hundred dollars per megawatt hour at the meter, no matter where you are in the world. Now, that includes the shallow and the deep systems. If you look specifically at the shallow …”

“For us in particular, the project in Oregon gets that flow test by the end of this year. By the end of twenty-twenty-six, Quaze has a commercial-grade Injector producer per EGS system producing 25 to 30 megawatt equivalent electric output from a flow test.”

“Everywhere where you have geothermal today is very likely one of those places where you'll find the 800 degrees Fahrenheit at three miles, closer to three miles than closer to 12 miles.”