Quaise is developing and commercializing deep geothermal energy at a terawatt scale. (Source: Shutterstock/ Quaise Energy)
Geothermal company Quaise Energy has appointed Ali Azad as an independent board director, the company announced June 18.
Azad has more than 40 years of experience in executive leadership and was president and CEO of Generation mPower, a developer of small modular nuclear reactors.
Azad currently serves as an independent adviser and board member of Avesta Advisors. He holds a Bachelor of Science in Mechanical Engineering from the Georgia Institute of Technology and a Master of Business Administration from Wake Forest University.
“Ali is exactly who we need on our board,” said Carlos Araque, co-founder and CEO of Quaise Energy, in the press release. “His deep experience in technology development, power project construction and deployment and capital formation in the energy industry will support the company’s goal of deploying terawatts of clean power around the world.”
Quaise is developing and commercializing deep geothermal energy at a terawatt scale.
“Energy is the backbone of the global economy,” Azad said. “I see Quaise Energy at the nexus of the clean energy transition by unlocking the true potential of geothermal on a global scale.”
Recommended Reading
Follow the Rigs: Minerals M&A Could Top $11B in ’25—Trauber
2025-04-15 - Minerals dealmaking could surpass $11 billion in 2025, fueled by deals in the Permian and in natural gas shale plays, says M&A expert Stephen Trauber.
Improving Gas Macro Heightens M&A Interest in Haynesville, Midcon
2025-03-24 - Buyer interest for Haynesville gas inventory is strong, according to Jefferies and Stephens M&A experts. But with little running room left in the Haynesville, buyers are searching other gassy basins.
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
2025-03-31 - As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
2025-02-28 - Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Williams Cos. Targets Lewis Shale After $307MM Green River JV Buyout
2025-04-14 - Williams Cos., known as a midstream company, is landing laterals in the oily Lewis Shale after completing a $307 million buyout from a joint venture partner in Wyoming’s Wamsutter Field last year.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.