{"id":86705,"date":"2024-09-12T00:00:00","date_gmt":"2024-09-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/us-based-startup-exowatt-tackles-the-energy-intensive-data-center-sector\/"},"modified":"2024-09-12T00:00:00","modified_gmt":"2024-09-12T00:00:00","slug":"us-based-startup-exowatt-tackles-the-energy-intensive-data-center-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/us-based-startup-exowatt-tackles-the-energy-intensive-data-center-sector\/","title":{"rendered":"US-based startup Exowatt tackles the energy-intensive data center sector"},"content":{"rendered":"

US startup aims to make data centers less energy-intensive:<\/strong> Miami-based startup Exowatt<\/a>, backed by OpenAI\u2019s Sam Altman, has launched a new modular clean energy system to decarbonize energy-intensive data centers, according to a statement<\/a>. The Exowatt P3 offers both dispatchable electricity and high-temperature thermal energy through a scalable design, with the energy solution already seeing a demand backlog of 1.2 GW from major data center operators and renewable energy developers across the US.<\/p>\n

How it works: <\/strong>Exowatt\u2019s technology is designed to help data centers generate, store, and dispatch clean energy efficiently using specialized lenses to collect solar energy and store it in a thermal battery made from cheap and readily available materials. This energy can then be dispatched when needed, providing a sustainable alternative to fossil fuels. With a cost of under USD 0.04 per kWh, the Exowatt P3 can reduce energy expenses by up to USD 35 mn and cut CO2 emissions by 438k tons for the average data center project.<\/p>\n

Exowatt<\/strong> has backers: <\/strong>The Exowatt P3 launch follows a USD 20 mn seed round<\/a> led by American venture capital firm a16z<\/a>, venture studio Atomic<\/a>, and OpenAI\u2019s Sam Altman.<\/p>\n

Data centers guzzle energy: <\/strong>Electricity consumption for data centers \u2014 facilities composed of networked computers, computing infrastructure, and storage systems \u2014 is expected to double by 2026, data by the International Energy Agency<\/a> showed earlier this year. The growing demand for electricity is also evident in global tech giants\u2019 emissions, with Google\u2019s emissions surging nearly 50% in five years<\/a> due to AI energy demand. US tech company Microsoft also reported a 30% increase in carbon emissions since 2020 driven by its AI investments. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Exowatt P3 can reduce energy expenses by up to USD 35 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startup Exowatt tackles the energy-intensive data center sector","related_issue":[86691],"teaser":"The Exowatt P3 can reduce energy expenses by up to USD 35 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.1704d25e-fd72-49d1-aedd-d2d0f850df16.mp3"},"yoast_head":"\nUS-based startup Exowatt tackles the energy-intensive data center sector - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/12\/us-based-startup-exowatt-tackles-the-energy-intensive-data-center-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US-based startup Exowatt tackles the energy-intensive data center sector\" \/>\n<meta property=\"og:description\" content=\"The Exowatt P3 can reduce energy expenses by up to USD 35 mn\" 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