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While technical progress in this regard is impressive, developing geothermal resources will require substantial investment and support from governmental and corporate partners. Having already raised $95 million in funding, Quazar aims for a competitive price point in delivering clean energy comparable, or even lower, than current renewable sources.

Geothermal Competition and the Path Ahead

Quazar's innovative approach competes with other geothermal methods, such as shattering rock using high-pressure fluids, often compared to fracking, and drilling directly into magma pools. Each of these alternatives has its drawbacks, especially concerning safety and environmental risks.