Sam Altman – Credit Chen Galili
Sam Altman, the founder of AI powerhouse OpenAI, is getting into green technologies. Altman took part in a $20 million seed funding round for the American startup Exowatt, a next-generation renewable energy company, today unveiled a first-of-its-kind modular energy platform designed to power energy-intensive data centers.
Founded in 2023 by Hannan Parvizian and Atomic CEO Jack Abraham, Exowatt is a next generation renewable energy company providing commercial and industrial customers with modular energy solutions tailored for energy-intensive applications like data centers. Exowatt’s mission is to make sustainable renewable energy always available and almost free. Exowatt is backed by a16z, Atomic, and Sam Altman. Exowatt has a backlog of demand for over 500 megawatts for data centers across the U.S. and plans to begin deployments later this year.
“AI models have been doubling in size every three months—a pace that requires significantly more data center power,” said Jack Abraham, CEO of Atomic and Co-Founder of Exowatt. “In order to keep up with AI advancements, we need more sustainable energy solutions, which is why we started Exowatt. Our mission is to provide extremely low-cost energy that advances the capabilities of global AI infrastructure while protecting our planet.”
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Exowatt’s flagship product, the Exowatt P3, represents a “significant innovation in energy technology.” It consists of a modular, 3-in-1 system, a heat collector, a heat battery, and a heat engine capable of providing dispatchable power and heat throughout the day. Unlike traditional solar panels that convert sunlight into electricity directly, Exowatt uses a unique approach by storing solar energy in a thermal battery, which can retain this energy for up to 24 hours per day. The Exowatt P3 modules are designed to fit the space of a standard 40-foot shipping container. They can be deployed on small and large commercial and industrial projects, linearly scaling with workload size and infrastructure requirements.
OpenAI is an artificial intelligence (AI) research and implementation organization based in the United States. It was founded in 2015 by Elon Musk, Sam Altman, Ilya Sutskever, Greg Brockman and several others. OpenAI’s mission is to ensure that artificial general intelligence (AGI) benefits all humanity.
Sam Altman has been named one of the 100 most influential people in the world by Time magazine and one of the “Best Young Entrepreneurs in Technology” by Businessweek. He is also the founder of the Long Term Future Fund, a venture capital fund that invests in companies working to solve long-term problems like climate change and pandemics.
