HIBT Lab! Quaise Energy: Carlos Araque

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.8 • 31.1K Ratings

🗓️ 4 August 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Growing up in Colombia, Carlos Araque and his father liked to take apart bicycles and motorcycles then put them back together. This love of tinkering led Carlos to study engineering at MIT and eventually launch a career in the oil and gas industry. After 15 years of this work, Carlos realized he was uniquely suited to be a part of the global energy transition away from fossil fuels. He returned to his alma mater to help run a startup accelerator, and soon, Quaise Energy was born.

This week on How I Built This Lab, Carlos shares how his company plans to drill the deepest holes ever to unlock the nearly limitless potential of geothermal energy. Carlos explains why he sees such promise with this energy source and how he spread his optimism to investors to raise more than $70 million and counting.

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Transcript

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0:00.0	Hey, Prime members, you can listen to how I built this early and ad-free on Amazon Music.
0:07.0	Download the app today.
0:09.0	Hello and welcome to How I Built This Lab.
0:11.4	I'm Guy Raz.
0:12.8	The term renewable energy often conjures the image of Rho upon Rho of solar panels or giant
0:20.0	wind turbines on a hillside, but there is another nearly limitless source of clean energy
0:26.2	that you might not immediately think of, one that's right below our feet.
0:31.5	Geothermal energy.
0:33.5	Now the core of our planet is over 9,000 degrees Fahrenheit, which is about the same temperature
0:39.7	as the surface of the sun.
0:42.0	And if we could somehow tap into all that heat, we'd have more than enough energy to power
0:46.6	human civilization for millions of years.
0:49.8	The problem is, unless you live somewhere like Iceland or another volcanically active area,
0:56.2	we just can't get to it.
0:57.5	It's very too deep underground, but that may be about to change.
1:03.2	My guest today is Carlos Araque.
1:04.8	He's the co-founder and CEO of a company called Quays Energy, which plans to use a new technology
1:10.6	developed at MIT to drill deeper than any hole that's ever been drilled before.
1:16.8	And if his experimental approach works, Carlos envisions
1:19.7	a world where anyone, anywhere in the world could have access to clean, nearly unlimited
1:26.0	geothermal energy.
1:27.0	Carlos Araque, welcome to how I built this lab.
	...

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