Keep pulling the thread on ExoWatt P3.
Exowatt's ultimate goal is to generate electricity at a cost of one cent per kilowatt-hour.
Exowatt has a customer backlog of over 10 gigawatts from leading hyperscalers.
Hyperscalers like Google plan to invest a trillion dollars in capital expenditures for data centers over the next few years.
Exowatt has raised a total of $140 million over the last two years.
As a rule of thumb, the capital expenditure required to build a one-gigawatt data center is approximately $50 billion.
Exowatt is developing a solar-based power solution with integrated energy storage to serve as the backbone for AI data center infrastructure.
A one-gigawatt data center consumes an amount of energy equivalent to almost one million U.S. households.
The existing U.S. power grid is not built to handle the massive power demands of new AI data centers.
The ExoWatt P3 is a modular system with each module sized as a standard shipping container, consisting of an optical table, a heat battery, and a power conversion unit.
Data centers are currently signing power contracts for 20 to 30 cents per kilowatt-hour.
Exowatt has built the world's largest solar simulator of its kind to enable 24/7 indoor testing.
Exowatt's heat battery technology can store energy for up to five days per cell.