Quaise Energy closed a $180 million Series B, including $35 million from Nabors, to scale superhot geothermal; analysts cite up to 64% of AI data-center

Fort Sill is fitting geothermal heat pumps in over 1,700 homes under a $63 million ESPC, cutting energy use by 57% and saving over $5 million annually.

Geothermal Center of Excellence will be hosted at NLR’s South Table Mountain Campus in Golden, Colorado; DOE’s HGEO announced the launch on Sept. 3, 2026.

DOE launched the Geothermal Center of Excellence on 3 September 2026 to unite National Laboratories, led by NLR with NETL support, for gigawatt-scale R&D.

House passed HB3173 to convert orphaned wells for geothermal; the Senate stalled it, leaving 19,000+ wells and a 235-year plug queue.

Fervo is pursuing the first commercially operated enhanced geothermal center in the U.S., targeting a Utah project discussed on CNBC’s Closing Bell

Google agreed to buy 396 MW of geothermal power from Fervo Energy for a potential Utah data center; Cape Station begins commercial operations 2028.

BLM IM-2026-024 reclassifies some geothermal exploration as “casual use,” removing permit and advance-notice requirements on more than 240 million acres.

Quaise Energy closed a $180 million Series B, including $35 million from Nabors, to advance superhot geothermal drilling and fund Project Obsidian.

Quaise’s $180m close funds the Obsidian Project. Nabors committed $35m, provides a land rig and brings reservoir modelling, well design, drilling strategy