Renewably generating the lowest-cost electrons on Earth.
Panthalassa
Creating clean, cheap energy in the middle of the ocean.
Unless was the second largest investor in a $53MM Series A for Panthalassa, which will generate the lowest cost green electrons in the world.
Creating clean, cheap energy in the middle of the ocean.
Panthalassa
The open ocean is Earth's largest and most power-dense renewable energy resource. Panthalassa is harnessing that energy, turning it into green hydrogen and other clean fuels, and delivering those fuels around the world at a cost that everyone can afford.
IMPACT STORY
Panthalassa is pioneering a revolutionary approach to energy production, aiming to generate the world's lowest-cost electrons, and they’re green. Our investment reflects our belief in the company's mission and potential to transform the traditional energy sector while addressing pressing environmental concerns.
Panthalassa's innovative technology promises to revolutionize the green energy landscape by significantly reducing the cost of electricity production, thus making renewable energy more accessible and sustainable. Their commitment to sustainability aligns seamlessly with our fund's mission to support ventures with positive environmental impacts.
Panthalassa's approach has the potential to reshape the energy market, giving them a competitive edge in an industry undergoing rapid transformation. As the second-largest investor in Panthalassa's Series A round, Unless is strategically positioned to benefit from the company's growth, reflecting our confidence in their leadership, technology, and market potential. Furthermore, Panthalassa's global vision transcends national boundaries, aiming to influence energy markets worldwide and accelerate the transition towards a greener future.
Team
The Panthalassa team comes from rocket companies, aerospace giants, research universities, naval architecture firms, software companies, metal fabricators, the armed forces, and other organizations.
SpaceX, Google, Blue Origin, Apple, Boeing, Amazon, Tesla, Microsoft, Virgin Orbit, New Relic, Rocketdyne, Puppet, Raytheon, HashiCorp, Los Alamos, Bridgewater, NASA, Imagineering, Stoke Space, Moog Inc, Navatek, US Air Force, Schlumberger, US Army, UMich Naval Arch, South Pole Station
Investors
We joined a world-class group funding the premier renewable energy and ocean technology startup developing and deploying technologies that will ensure a sustainable future for humanity by unlocking the vast energy potential of the Earth’s oceans
Unless, Founders Fund, GigaFund, Lowercarbon Capital, Compound, Valor, MUUS
Takeaways
The world requires abundant, cheap, green electrons to mitigate climate change and allow the developing world to continue to raise standards of living. Panthalassa is rapidly developing and deploying technologies that will ensure a sustainable future by unlocking the vast energy potential of the Earth’s oceans.
Panthalassa's cost-effective renewable energy production enhances access to clean energy, thereby reducing greenhouse gas emissions and combating climate change. Their efforts lead to a cleaner environment, better air quality, and a smaller global carbon footprint, promoting sustainability for future generations.
The development of ocean energy projects creates 500+ job opportunities in various sectors, including manufacturing, installation, maintenance, and research.
Over 2 million tons of CO2 will be offset by Panthalassa's efforts annually.
By harnessing the power of the ocean in a sustainable manner, we can protect marine ecosystems and preserve biodiversity while meeting our energy needs.
