SpaceX alum nabs $22M to turn rocket engines into geothermal power plants
Startup Critical Energy has raised $19 million to develop modular turbines for geothermal power plants, utilizing engineering principles from rocket engine design. The company aims to address the turbine shortage and accelerate the deployment of geothermal energy to meet rising data center power demands.
Why it matters
Innovative engineering applications in renewable energy could significantly scale geothermal power, offering a viable alternative to traditional energy sources.
Few energy sources can top geothermal’s potential, with at least 42 terawatts of capacity available worldwide, according to the IEA, more than twice the world’s energy use last year.
The article is a standard business and technology report on startup funding and innovation.
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