Did you know that deep beneath the Earth's surface, there are abundant reserves of geothermal energy, one of the largest untapped energy sources on the planet? This source of clean energy, however, is largely inaccessible with modern drilling technology. Engineers at Quaise Energy Energy are addressing this challenge by developing a revolutionary gyrotron drill that uses millimeter-wave beams to vaporize rock and is capable of reaching unprecedented depths up to 12 miles into the Earth’s crust. Quaise is scaling operations with plans to begin field testing at a pilot site this fall. Learn more about our portfolio company's innovative approach. https://bit.ly/3XptvOF
Standard Investments’ Post
More Relevant Posts
-
Congratulations to Quantum Source on the closing of its Series A raise. We're proud to support the company's vision to scale a groundbreaking approach to quantum computing, which will result in faster and more efficient computer systems that can be applied across a number of industries such as medicine and security. Read more below.
Exciting news! We have successfully closed our Series A round, raising $50 million. Eclipse led the round with the participation of our existing investors - Pitango, Grove Ventures, Dell Technologies Capital, and 10D , as well as new investors – Standard Investments, Level Ventures, and Canon Equity. This new investment will support our mission of making #quantumcomputing a practical reality through the continued advancement of our chip-based photon-atom gate technology. Grounded in two decades of leading-edge research, our novel technology paves the way for large-scale, fault-tolerant, powerful quantum computers. Since our founding in 2021, we've raised $77M and grown to a team of 45 experts, all dedicated to overcoming quantum's #scientific and #engineering challenges. “Eclipse’s investment in Quantum Source underscores our commitment to a future where quantum computing transforms what’s possible,” said Seth Winterroth Partner at Eclipse. “With a team of visionary entrepreneurs and leading quantum physicists, Quantum Source is poised to lead a computing revolution that will reshape industries and redefine our future entirely.” Thank you, our investors and other supporters, including the Israel Innovation Authority, for your continued trust and aid in achieving this shared mission. Let's bring #quantum computing to light! --------------------------- Check out the announcement across global newsrooms: Reuters: https://lnkd.in/ep6Xptdt The Quantum Insider: https://lnkd.in/eEEn8A74 Inkhouse | Hila Ovadia-Akerman | Ayelet Aya Dobkin
-
Earlier this year, HighByte announced its Series A funding round, led by Standard Investments. The industrial data solutions company plans to invest in research and development and strategic global partnerships as it grows in new markets and within existing accounts. Learn more about HighByte and how it’s helping manufacturing and industrial companies digitally transform at scale. https://bit.ly/3zbD3UH #HighByte #DataOps
-
As temperatures rise, so does the demand on the electric grid. Leap and its technology partners are helping customers across the U.S. stay powered with virtual power plants, which activate thousands of energy devices to dispatch flexible support to the grid during heat waves and other emergency events. Our portfolio company’s technology can play an important role in: → Improving electric grid resilience → Preventing blackouts → Reducing electricity costs Learn more about Leap’s approach.
-
How can AI help solve complex engineering challenges? PhysicsX is unlocking new design possibilities with its machine learning platform that accelerates physics simulations, enabling engineers to test and optimize new products and overcome bottlenecks faster. Founded by former motorsport engineers, our portfolio company is helping streamline development for some of the world’s most advanced products at scale with applications across aerospace, materials science manufacturing, and more. PhysicsX’s platform supports engineering workflows by: → Simulating complex systems in seconds → Automating time-consuming tasks → Encoding insights and real-time data
-
From premium bike saddles to custom mouthguards, Carbon’s 3D printing technology enables brands to create revolutionary products at scale. Our portfolio company’s idea-to-production platform combines precision manufacturing with high-performance materials, unlocking new design possibilities across consumer products, healthcare, and more. #Carbon3DPrinting
-
With the world shifting away from fossil fuels and facing a significant copper shortage, access to the metal is becoming even more critical in advancing clean energy technologies such as electric vehicles and wind turbines. KoBold Metals, a Standard Investments portfolio company, is looking to boost copper production in Zambia where the KoBold team recently met with officials and investors to discuss its new copper resource at Mingomba. Read more about the project in Bloomberg. https://bloom.bg/3L2Eh7z #KoBoldMetals
-
-
Exciting news from Albedo as it prepares for its first satellite launch in early 2025. TechCrunch highlights that Kathryn Graese Tobey, former head of classified space programs at Lockheed Martin, has joined Albedo’s Board of Directors, bringing deep technical and national security expertise to the team. TechCrunch also features a closer look at the satellite, called Clarity, which will launch in very low Earth orbit on SpaceX’s Transporter-13 ride-share mission, capturing high-resolution imagery for the company’s first customers. Read the latest news on our portfolio company here. http://tcrn.ch/3XM4grF #VLEO
-
-
From performance footwear to aerospace parts, ARRIS’ advanced composites are a key material in some of the world’s most innovative products. The company’s pioneering additive molding platform combines 3D-aligned continuous fibers with precision manufacturing and scalability, allowing brands to create products and parts that are lighter and stronger, or have complex shapes. We’re proud to support the company’s latest funding, which will help scale global operations in key markets. Learn more about ARRIS’ technology: https://bit.ly/3XkftPB #ARRISComposites
-
Congratulations to Tomorrow.io for being named one of TIME’s Most Influential Companies of 2024. We’re proud to support Tomorrow.io’s innovative weather intelligence platform, which is helping businesses and governments proactively mitigate weather-related risks. Read more. https://lnkd.in/e5dKnSiD #TIME100Companies
-
IT Apprentice
4dDid you know a lot of people including myself want to invest in this company because we all imagine it getting as big, if not bigger than apple?