Idemitsu Kosan Co., Ltd. 5019

HOUSTON, July 07, 2026--Quaise Energy, a leading developer of utility-scale superhot geothermal energy, today announced the first close of its Series B financing, raising $134 million with additional equity and debt capital expected to close imminently. The round was led by Prelude Ventures, with strategic investments from JERA and Idemitsu, two of Japan's largest energy companies. Nearly all existing investors, including Safar Partners, participated in the round.

The oversubscribed raise, led by USIT with participation from General Innovation Capital Partners and Linse Capital, marks the first in a series of milestones as Thea Energy solidifies its position as the preeminent stellarator company and leader in commercial fusion energy KEARNY, N.J., May 27, 2026 (GLOBE NEWSWIRE) -- Thea Energy, Inc., a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, today announced it has raised $100 mil