TerraWave Energy
Electromagnetic Drilling Technology for Geothermal Energy
Energy Tech
Private
Company Overview
Snapshot
Founded in July 2024 by Hagay Carmi, TerraWave Energy has 11–50 employees and has raised $21.9M across 4 funding rounds from 9 investors.
Business overview
TerraWave Energy is developing a novel deep drilling method utilizing directed-energy technology to penetrate hard rock. This innovative approach aims to significantly increase the viability and accessibility of geothermal power, serving the energy sector by providing a clean, baseload energy source with minimal surface footprint. The company operates within the Energy Tech sector, focusing on Clean Energy Generation and Energy Production & Sources.
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- When was TerraWave Energy founded?
- TerraWave Energy was founded in July 2024 by Hagay Carmi.
- What is TerraWave Energy's core technology?
- TerraWave Energy is developing a novel deep drilling method using directed-energy technology to penetrate hard rock and reach depths corresponding to temperatures of up to 450°C, aiming to increase the viability and accessibility of geothermal power.
- How much capital has TerraWave Energy raised to date?
- TerraWave Energy has raised a total of $21.9M across 4 funding rounds.
- Which investors participated in TerraWave Energy's August 2024 funding round?
- In August 2024, TerraWave Energy received funding from Square One Labs and Aloniq.