Sam Altman Invests $20 Million in Exowatt to Power AI Data Centers with Clean Energy

Sam Altman invests $20M in Exowatt, a renewable energy startup aiming to power AI data centers with cost-effective, sustainable solutions, addressing the industry's growing electricity demands.

author-image
Trim Correspondents
Updated On
New Update
Sam Altman Invests $20 Million in Exowatt to Power AI Data Centers with Clean Energy

Sam Altman Invests $20 Million in Exowatt to Power AI Data Centers with Clean Energy

Sam Altman, the CEO of OpenAI and a prominent figure in the artificial intelligence boom, has invested $20 million in Exowatt, a renewable energy startup aiming to meet the growing electricity demands of AI data centers. Altman, along with venture capital firm Andreessen Horowitz and other investors, is supporting Exowatt's inventive approach to providing cost-effective, sustainable power solutions for energy-intensive AI applications.

Exowatt, based in Miami, Florida, has developed a modular energy platform that combines solar power with thermal energy storage. The company's flagship product, the Exowatt P3, is a 3-in-1 system that captures solar energy and stores it in a thermal battery, allowing it to dispatch electricity 24 hours a day. This distinctive approach differentiates Exowatt from other renewable energy companies by addressing the intermittency issues associated with solar power generation.

Why this matters: The rapid growth of AI technologies, particularly generative AI, has led to a surge in electricity consumption by data centers. Exowatt's solution aims to provide reliable, low-cost clean energy to power these data centers, reducing their reliance on fossil fuels and contributing to a more sustainable future for the AI industry.

Hannan Parvizian, the CEO of Exowatt, stated that the company's goal is to offer electricity for as low as $0.01 per kilowatt-hour, making it cheaper than fossil fuels and other renewable energy alternatives. Exowatt has already attracted significant interest from the industry, with a backlog of demand for over 500 megawatts for data centers across the United States. The company plans to begin deployments later this year.

Altman's investment in Exowatt is part of his broader commitment to diversifying America's energy mix and addressing the inadequacies of the aging U.S. power grid.

Key Takeaways

  • Sam Altman invests $20M in Exowatt, a renewable energy startup for AI data centers.
  • Exowatt's modular platform combines solar power and thermal energy storage for 24/7 electricity.
  • Exowatt aims to provide electricity at $0.01/kWh, cheaper than fossil fuels and other renewables.
  • Exowatt has a backlog of over 500MW demand from data centers across the US.
  • Altman's investment is part of his efforts to diversify America's energy mix for AI's electricity needs.