SpaceX alum's Critical Energy raises $19M to adapt rocket engine tech for geothermal power
By
Tim De Chant
Summary
Critical Energy, a startup founded by a SpaceX alum, has raised $19 million in seed funding (with $22M total) to develop modular turbines for geothermal power plants. The technology repurposes rocket engine designs to generate geothermal energy more efficiently. Geothermal has massive global potential (42+ terawatts available, more than double last year's world energy use), yet investment lags behind nuclear fission and fusion startups. Critical Energy aims to fill this gap and has an ambitious goal of building 300 GW of capacity per year by 2045.
Source
bskySpaceX alum's Critical Energy raises $19M to adapt rocket engine tech for geothermal powertechcrunch.comKey quotes
· 3 pulledFew 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 technology is shaping up to be the energy world's dark horse, even though investment in the tech pales in comparison to startups in advanced nuclear fission and fusion power.
Critical Energy hopes to fill a major gap for geothermal power plants by building modular turbines tailored to them.
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