Exowatt Unveils Pioneering Modular Energy Platform to Revolutionize Renewable Energy for AI-Driven Data Centers
September 13, 2024 | BUSINESS WIREEstimated reading time: 2 minutes
Exowatt, a next-generation renewable energy company, announced the launch of its flagship product, the Exowatt P3, a groundbreaking modular energy solution designed to meet the growing power demands of data centers and energy-intensive industries. This announcement comes on the heels of Exowatt's recent $20 million seed round funded by a16z, Atomic, and Sam Altman.
The Exowatt P3 is an innovative energy generation and storage solution, offering a versatile system that delivers both dispatchable electricity and high-temperature thermal energy. Its modular, scalable design makes it ideal for a wide range of applications, such as data centers and other commercial and industrial (C&I) applications.
The new Exowatt P3 features advanced technology capable of harnessing solar energy through specialized lenses and storing it in a long-duration, sensible heat battery. Designed to fit within a compact 40-foot shipping container footprint, this “install and forget” system ensures minimal maintenance, aligning with the operational demands of industries seeking to reduce energy expenses and environmental impact. The Exowatt P3 generates electricity at an industry-leading cost of just under 4 cents per kWh, providing a cost-effective renewable energy solution. With the ability to store energy for up to 24 hours of daily dispatch and quickly scalable for projects of varying size, the Exowatt P3 has the potential to reduce energy expenses by up to $35 million and cut CO2 emissions by 438,000 tons for the average data center project.
The Exowatt P3 is equipped with many innovative features and benefits including:
- Modular and scalable: Can be deployed in projects of any size, scaling with workload and infrastructure needs.
- Innovative energy collection and storage: Utilizes thermal batteries for long-duration storage and reliable energy generation.
- Low operating costs: Designed for minimal maintenance, reducing long-term operational expenses.
- Zero carbon emissions: Supports sustainability goals by providing clean, renewable energy.
- Made in USA: Raw materials sourced and manufactured domestically, strengthening national infrastructure and resilience.
“We are revolutionizing sustainable energy delivery with the Exowatt P3, a game-changing solution in clean energy technology,” said Hannan Parvizian, CEO of Exowatt. “The P3 is the world’s first modular full-stack energy solution that delivers reliable, low cost energy solutions for AI-driven data centers and industrial applications. Exowatt is committed to driving innovation and sustainability in the energy industry, and our technology will play a central role in the global energy supply.”
The Exowatt P3 addresses several key issues with current renewable energy solutions including:
- Dispatchable energy: Provides energy on demand, unlike traditional renewables that produce energy intermittently.
- Built-in storage: Features low-cost, built-in thermal storage, eliminating the need for expensive electrochemical batteries.
- Versatile output: Capable of meeting 90% of industrial energy needs, including both electricity and heat.
- Rapid deployment: Can be installed quickly, in contrast to the lengthy setup times of traditional baseload power plants.
- Sustainable supply chain: Made of sustainably sourced materials that do not require mining or dependency on foreign supplies of rare earth minerals.
Suggested Items
Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses
05/02/2025 | Forge NanoForge Nano, Inc., a technology company pioneering domestic battery and semiconductor innovations, announced the successful close of $40 million in new funding.
Hikrobot Integrates Wiferion Technology Into AMRs
04/30/2025 | HikrobotIn the automotive industry, every second counts. AMRs have to work without interruption - charging breaks mean less productivity. Hikrobot, one of the world's leading providers of mobile robotics, therefore relies on Wiferion's wireless charging technology, which has already established itself as the standard in the industry.
Hikrobot Integrates Wiferion Technology into AMRs
04/29/2025 | WiferionIn the automotive industry, every second counts. AMRs have to work without interruption - charging breaks mean less productivity. Hikrobot, one of the world's leading providers of mobile robotics, therefore relies on Wiferion's wireless charging technology, which has already established itself as the standard in the industry.
CCL Design, Ynvisible Announce Strategic Partnership to Deliver Scalable Printed Display Solutions
04/28/2025 | CCL DesignCCL Design will integrate Ynvisible's proprietary display technology into its global manufacturing infrastructure and technology portfolio.
Candor Elevates PCB Fabrication Services with Continued Facility Upgrades
04/28/2025 | Candor CircuitsOntario-based circuit board manufacturer, Candor Circuit Boards has recently completed a series of facility upgrades to improve their PCB offerings. These investments will allow Candor to provide higher volumes of complicated boards more efficiently with better yield. The new technology has allowed the company to take on exciting high technology projects and collaborations in industries such as Military and Aerospace, Medical, Energy and more.