Peter Thiel backs ocean wave AI data centers worth nearly 1 billion in Oregon

Published on 7 May 2026

Seawater cooling could slash power and water needs

Peter Thiel led a $140 million Series B into Oregon startup Panthalassa, betting on fleets of floating, wave-powered AI data centres. Valued near $1 billion, the project will roll out Ocean-3 pilot nodes in the Pacific by late 2026, aiming for commercial operations in 2027. It promises renewable electricity from waves and seawater “supercooling,” easing grid and water stress.

Thiel led a $140 million Series B for Panthalassa
Floating wave-powered nodes target energy and cooling bottlenecks
Ocean-3 pilots are set for late 2026 in the Pacific
Data will be sent via low Earth orbit satellite links

#data centers #renewable energy #ocean energy #artificial intelligence #venture capital

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Peter Thiel backs ocean wave AI data centers worth nearly 1 billion in Oregon

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