Slashing CO2Plug into the ocean.
Big Picture
With so many energy-intensive applications on the rise, the need for round-the-clock renewables has never been greater. Solar and wind are falling in cost, but sometimes the sky is gray and the air is still. Why don’t we ever hear about the renewable source that almost never stops and could supply all the world’s energy for cheap: ocean power? The problem is no one has been able to reliably harness energy in one of Earth’s most punishing environments and get it to land.
How it Works
Panthalassa builds and operates a fleet of autonomous nodes that generate clean energy for use right there onboard. As these clean energy hubs bob up and down, fluid flows through internal turbines that power a generator and create endless onsite electricity that can run just about anything. From compute clusters to electrolyzers, countless power-hungry setups can run clean on Panthalassa nodes – at an almost free $0.02 per kWh.
Unfair Advantage
Panthalassa makes ocean energy work by keeping it in the ocean. The use cases for cheap firm energy 100% free of land constraints is practically infinite. But the biggest story here is what it means for computing. Panthalassa has created the means for limitless clean compute with no grid constraints whatsoever. Their unique model, coupled with a killer technical team from the likes of NASA, SpaceX, and the Air Force, makes Panthalassa a clean energy powerhouse.
02
Cent per kWh
target electricity generation cost
GARTH SHELDON-COULSON CEO & CO-FOUNDER
Prior to Panthalassa, Garth was a senior investment associate and AI researcher at Bridgewater.
BRIAN MOFFAT CHIEF INNOVATION OFFICER & CO-FOUNDER
Brian has a decade of research experience in ocean energy and holds three BS degrees from UC Irvine.
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