Panthalassa

Ocean-powered renewable energy tech

Series B
Portland, USA
Founded 2020

About

Founded in 2020, Panthalassa develops ocean wave-powered technologies to generate renewable energy at the lowest costs on Earth. Their core product focuses on wave energy systems aimed at large-scale green hydrogen production and powering data centers sustainably. The business model revolves around commercializing ocean energy solutions that enable clean, abundant electricity generation to mitigate climate change while supporting global development. Their recent $140M Series B led by Peter Thiel will complete a pilot manufacturing facility near Portland, Oregon, advancing production capabilities and scaling deployment.

Products

  • Panthalassa energy platform — A planetary-scale clean energy platform designed for fast deployment, scalability, low cost, and zero emissions.
    Customer sectors: renewable energy, data centers, infrastructure developers
  • Ocean-2 Pacific Ocean pilot deployment — A pilot deployment demonstrating offshore renewable energy generation in the Pacific Ocean.
    Customer sectors: energy researchers, marine infrastructure, pilot project partners

Market research & competitive positioning

Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for Panthalassa — available to members.

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