HIBT Lab! Quaise Energy: Carlos Araque
Carlos Araque, co-founder and CEO of Quaise Energy, explains how his company plans to unlock global geothermal energy by drilling 20-kilometer deep holes using millimeter-wave technology developed at MIT. Araque details his transition from a 15-year career in the oil and gas industry, including time at Schlumberger, to founding Quaise to address the technological gaps in the energy transition. He discusses the technical mechanics of vaporizing rock with gyrotrons, the economic potential of repowering existing fossil fuel plants, and the challenges of scaling this capital-intensive technology to compete with wind, solar, and coal.