Hey everybody checking back to the Elon.
Musk. Podcast This is a show where we
discuss. The Critical.
Crossroads, the Shape SpaceX, Tesla X, The Boring Company, and
Neuralink. And I'm your host, Will Walden.
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So much. For understanding I had no
control over this, Google pulled the Google Podcast app off of
Android. And I want to let you know where
to continue finding the show. Over at YouTube Music, search
for Elon Musk podcast. There's a new company called
Exawatt. They're a forward thinking
renewable energy company and they're recently launched an
energy system tailored for powering large scale data
centers, A company by a substantial $20 million seed
investment. The financial backing includes
contributions from Sam Altman of Open AI, the CEO and the
company's flagship product. The Exawatt P3 introduces a
novel energy solution by combining a heat collector, A
heat. Battery.
And a heat engine. The Tri component system
facilitates the consistent supply of power and heat by
storing solar energy in a thermal battery, a method that
allows energy retention for up to 24 hours.
Now, these data centers, which are powering things like open
AI, need a ton of power, and that is why Sam Altman is one of
the financial backers, because they also need a lot of money to
get this startup off the ground, and Sam is trying to tap into
that power. For the power structure of Open
AI, Exawatt scales and technology.
Over time, the company projects that it could provide
electricity at cost potential as low as .01 cents per kWh.
Such pricing would position Exawatt as a more affordable
position option than both fossil fuels and other renewable
resources, potentially altering the competitive landscape of
energy sources altogether. Now, the shift to storing heat
rather than electricity sets Exawatt apart in the renewable
energy sector. It offers an economical
alternative to traditional electrochemical batteries,
sidestepping the reliance on rare earth minerals as well and
enabling around the clock energy dispatch regardless of external
conditions. Now the CEO and Co founder of
Exawatt showed that there's a shift and cost effective
deployment capability of the system.
He said Exawatt's modular system can be deployed rapidly and cost
effectively and it's available right now.
This year, they are ready to tackle immediate in escalating
energy demands from open AI and other data centers around the
country, especially those driven by the tech center.
Now the need for such innovative energy solution is showing that
there's a rapid expansion of AI tech with demand increasingly
significant amounts of power. Jack Abraham, Atomic CEO and Co
founder of Exawatt stressed this point, stating that exponential
growth rate of AI models, which double S every three months
significantly boosts the power requirements of these data
centers. And the participation of Sam
Altman's in this funding round is particularly significant
given his leadership role in Open AI, one of the lead
entities in the AI field. And Altman's investment is seen
not just as financial backing, but as a strategic alignment
with Exawatt's mission to power the next generation of AI
infrastructure substantially. Now Exawatt is the new leader in
this type of technology, Katherine Boyle general Partner
Ed Anderson Horowitz said. By committing to full US
manufacturing with domestically sourced components, this is
important. Domestically sourced components,
they want everything to be made in the United States.
Exawatt will significantly strengthen our national
infrastructure in resilience. As we all saw during the
pandemic, it was a difficult time to get parts.
It was a difficult time to get basically anything that was
imported from another country. So the resilience on
domestically sourced components is fundamental in keeping the
lights on for this power company now when it.
Reported. Demand backlog exceeded 500
megawatts for U.S. data centers. Exawatt is positioned to start
rolling out of systems later this year, aiming to capture a
substantial portion of the market very swiftly, and the
founders of Exawatt had on Provision and Jack Abraham bring
a mix of expertise and entrepreneurial experience from
the energy and technology sectors.
The backgrounds are instrumental in shaping the company's
strategic direction going forward and operational
capabilities. Abraham's role in founding and
developing Atomic into a prominent venture studio
underlines the innovative nature of Exawatt.
His history of identifying and nurturing companies that address
major global issues aligns with the foundational goals of
Exawatt. Now, the launch strategy focuses
on integrating advanced solar tech with cost effective thermal
storage to offer a reliable energy source for data centers.
It not only promotes sustainability, but it also
aligns with global energy conservation goals.
And to align with federal initiatives and reduce
dependency on international supply chains, particularly
those from China. Exawatt, of course, prioritizes
the use of US manufacturing components.
This strategy enhances the company's ability to subsidize
under recent climate legislation, while also
bolstering national energy independence.
The growing consumption of energy by the AI sector has a
critical challenge right now that Exawatt is addressing, and
the company's technology and strategic investor support,
including Sam Altman, signify a proactive approach to
substantial and economically viable energy solutions.
Altman's involvement brings additional credibility and
visibility. XO Watt, maybe they can get some
big name investors there, linking its technological
innovations directly with the needs of the AI industry, which
is under increasing pressure to mitigate its environmental
impact. Now, Exawatt's modular and
scalable technology is designed to adapt seamlessly to both
small and also large scale energy needs, providing A
versatile solution for the diverse requirements of modern
data centers and industrial facilities.
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