TECH & AI
“ The waves are like a battery for sunlight and we can be capturing from it 24 / 7,” he adds.
The company contends that wave and wind power are, alongside solar and nuclear, the only clean energy sources capable of producing“ tens of terawatts” – reflecting the scale that AI infrastructure is increasingly demanding.
With the global demand for clean energy skyrocketing, this argument could pique the interest of both the private and public sectors. That said, Panthalassa’ s concept has one key thing that distinguishes it from most previous wave power projects: it has no intention of transmitting electricity back to shore.
The company’ s motto –“ go where the energy is” – speaks to this notion.
“ One of the key insights that we had was that it’ s very important to use the electricity in place,” Garth Sheldon- Coulson explained to the FT.
That decision sidesteps one of the most intractable problems in offshore renewables, which is the huge cost and complexity of subsea transmission cables and interconnectors.
It also means the company’ s commercial viability depends on selling compute capacity, not electricity. In some ways, this makes it a far simpler proposition.
60 July 2026