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. One more thing before we start, Google Podcasts is being discontinued by Google. So if you want to continue getting episodes of the Elon Musk.
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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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