Portland Ocean Energy Startup Raises $140M From Billionaire Peter Thiel

Portland ocean energy startup raises $140M from billionaire Peter Thiel

The Portland-based company has developed an autonomous ocean wave power system that generates electricity while floating out in the distant ocean.

Panthalassa Raises $140 Million to Power AI at Sea

/PRNewswire/ -- Panthalassa, a renewable energy and ocean technology company, today announced $140 million in Series B financing led by Peter Thiel, with...

Portland Upstart Nets $140 Million To Turn Pacific Waves Into AI Power

Panthalassa raised $140M led by Peter Thiel to finish a Portland pilot factory and deploy Ocean‑3 wave‑powered AI nodes, targeting pilots in 2026 and rollouts in 2027.

Peter Thiel backs $1bn ocean data centre start-up powered by waves

Peter Thiel is leading a $140mn investment in a US start-up that plans to use wave energy to fuel giant fleets of floating data centres, as Silicon Valley’s search for AI power pushes into exotic new frontiers.Panthalassa, which has spent a decade developing its ocean energy technology, uses the bobbing motion of waves to force […] The post Peter Thiel backs $1bn ocean data centre start-up powered by waves appeared first on OODAloop.