Exowatt, a next-generation renewable energy company, has officially announced the launch of its flagship product i.e. Exowatt P3, which is a groundbreaking modular energy solution designed to meet the growing power demands of data centers and energy-intensive industries. Arriving on the back of Exowatt’s recent $20 million seed round funded by a16z, Atomic, and Sam Altman, this particular solution brings to the fore offer a versatile system which can deliver both dispatchable electricity and high-temperature thermal energy. Another detail worth a mention here is rooted in its modular, scalable design which makes it ideal for a wide range of applications, such as data centers and other commercial, as well as industrial (C&I) applications.
More on the same would reveal how the new Exowatt P3 features advanced technology well-equipped to leverage solar energy through specialized lenses before storing it in a long-duration and sensible heat battery. Furthermore, the whole technology is structured in such a manner that it can fit within a compact 40-foot shipping container footprint. Understood to be a “install and forget” system, Exowatt’s latest brainchild can also tread a long distance to ensure minimal maintenance. This, like you can guess, makes it an ideal component for addressing operational demands of industries that consistently look to reduce energy expenses and environmental impact.
Beyond that Exowatt P3 can even generate electricity at an industry-leading cost of just under 4 cents per kWh so to provide a cost-effective renewable energy solution. Joining the same is its knowhow of storing energy for up to 24 hours of daily dispatch and quickly scalable projects of varying size. All in all, Exowatt P3 boasts the setup necessary to reduce energy expenses by up to $35 million and cut CO2 emissions by 438,000 tons for an average data center project.
“We are revolutionizing sustainable energy delivery with the Exowatt P3, a game-changing solution in clean energy technology,” said Hannan Parvizian, CEO of Exowatt. “The P3 is the world’s first modular full-stack energy solution that delivers reliable, low cost energy solutions for AI-driven data centers and industrial applications. Exowatt is committed to driving innovation and sustainability in the energy industry, and our technology will play a central role in the global energy supply.”
Talk about the whole value proposition on a slightly deeper level, we begin from Exowatt P3’s promise to deliver dispatchable energy. This translates to how the solution can provide energy on demand, unlike traditional renewables that produce energy intermittently. Next up, there is a built-in storage facility. You see, the stated solution conceives low-cost, built-in thermal storage so to eliminate the need for those expensive electrochemical batteries. Moving on, users can also come expecting the potential for versatile output. An example of the same is concerned with Exowatt P3’s ability to meet 90% of industrial energy needs, including both electricity and heat.
The new innovation further boasts the basis for rapid deployment, meaning you don’t have to deal with lengthy setup times which have long remained associated to traditional baseload power plants. Apart from that, there is also a sustainability aspect in play. This can be better understood once you take into account how Exowatt P3 is made using sustainably sourced materials that do not require mining or dependency on foreign supplies of rare earth minerals.
Among other things, we ought to mention acknowledge Exowatt’s backlog of demand geared towards 1.2 gigawatts for data centers across the U.S., with their deployments penciled in to begin later this year.
