Peter Thiel backs $1bn ocean data centre start-up powered by waves https://t.co/bMoeiRfBGa

By: FT

Published: 2026-05-04T16:04:10.566687Z

Last Updated: 2026-08-08T15:26:46.219026Z

Category: News

Billionaire investor Peter Thiel is making waves with his latest venture—backing a groundbreaking $1 billion start-up focused on developing ocean-based data centers powered by the natural energy of waves. This innovative solution aims to significantly reduce the carbon footprint typically associated with traditional data centers by harnessing renewable marine energy. The start-up is poised to transform how data is stored and managed, offering an eco-friendly alternative amidst growing concerns over environmental sustainability. By utilizing the ocean's vast energy resources, the project promises enhanced data center resiliency and a new frontier in green technology. As interest in sustainable tech continues to surge, this initiative could pave the way for future advancements in the industry.