Panthalassa’ s plans for the future The new capital provided by Peter Thiel and co. will fund a pilot manufacturing facility in the US, with the firm looking at its first proper commercial deployments next year.
When it comes to manufacturing, Panthalassa says that its nodes are made using only“ earth-abundant materials” like steel.
This, no doubt, will come as a relief to the world’ s rare earth mineral and critical mineral sectors, which are already feeling the strain of the energy transition.
Meanwhile, the company has suggested that the supply chains its products will rely on are robust enough to facilitate a period of rapid scaling.
Thiel, who has previously championed the libertarian‘ seasteading’ movement( which advocates for the construction of floating colonies in international waters) and backed Panthalassa through the Founders Fund as far back as 2018, sees the company’ s mission as a widening of frontiers.
“ The future demands more compute than we can imagine. Extraterrestrial solutions are no longer science fiction. Panthalassa has opened the ocean frontier,” he told the FT.
While many of his ideas in this vein have been decried as a form of“ tech neocolonialism”, his support will doubtless lend momentum to Panthalassa’ s push towards the mainstream.
energydigital. com 63