Panthalassa

The company develops renewable energy technology for ocean-based power generation, with engineering based in Portland, Oregon.

An Oregon-based startup unveils a factory in Southwest Washington to manufacture floating wave-energy data centers. The company, which has secured over $300 million in funding this year, targets powering AI infrastructure with renewable wave energy. The facility marks a key step in scaling its wave-energy technology for data hubs.

Nov 2026opbNews article

Peter Thiel is leading a funding round for **Panthalassa**, a startup developing ocean-based data centers harnessing wave energy. The company reportedly achieves a $1 billion valuation, positioning itself as a pioneer in sustainable, wave-powered infrastructure. Thiel highlights the potential of such ‘extra-terrestrial solutions’ as viable beyond traditional energy models.

May 2026FortuneNews article

Climate-focused investors collaborate with Peter Thiel to fund **Panthalassa**, a startup developing ocean-based energy solutions. The partnership highlights growing interest in marine renewable energy as a climate mitigation strategy. Panthalassa’s technology aims to harness power from ocean currents and waves, offering an alternative to traditional offshore wind or solar.

May 2026ImpactAlphaNews article

Panthalassa secures $140 million in funding led by Peter Thiel to develop AI-powered computing systems harnessing ocean wave energy. The company aims to create sustainable energy solutions for data centers and AI workloads. This investment highlights the growing focus on renewable energy sources for high-power computing infrastructure.

May 2026ESG TodayNews article