TerraWave Energy
Electromagnetic Drilling Technology for Geothermal Energy
Energy Tech
Private
Company Overview
Snapshot
Founded in July 2024 by Hagay Carmi, TerraWave Energy operates with 11–50 employees. The company has raised $21.9M across four funding rounds from nine investors.
Business overview
TerraWave Energy is an Energy Tech company developing a novel deep drilling method that utilizes directed-energy technology. This innovative approach is designed to penetrate hard rock and reach depths with temperatures up to 450°C, significantly increasing the viability and accessibility of geothermal power. The company's core product is directed-energy drilling for geothermal energy, serving the energy, utilities, and waste management sectors in geomarkets including Europe, Asia, and the United States.
Company Intelligence Q&A
- When was TerraWave Energy founded?
- TerraWave Energy was founded in July 2024.
- Who is a founder of TerraWave Energy?
- Hagay Carmi is a co-founder of TerraWave Energy.
- Which investors participated in TerraWave Energy's August 2024 funding round?
- In August 2024, TerraWave Energy received funding from Square One Labs and Aloniq.