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moves money TechRadar May 07, 2026

'We're now ready': Peter Thiel-backed company raises $1bn to send data centers out to sea to harness 'tens of terawatts of new capacity potential' in the power of the open ocean

'We're now ready': Peter Thiel-backed company raises $1bn to send data centers out to sea to harness 'tens of terawatts of new capacity potential' in the power of the open ocean
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A test of the Panthalassa Ocean-2 wave energy converter, which would generate electricity to power sea-based data centers.

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