Startup Drogue Raises $20 Million to Power Floating Data Centers Using Ocean Thermal Energy
Drogue, a Washington, D.C.-based startup, has raised $20 million to develop floating data centers powered by ocean thermal energy conversion (OTEC). The company aims to address the massive power demands of AI by bypassing the long timelines required for traditional land-based utility connections. Their technology utilizes the temperature differential between warm surface waters and cold deep-sea water to drive a closed-loop ammonia cycle that generates electricity while simultaneously cooling server hardware. The startup plans to deploy its first multi-megawatt prototype on an ocean-going ship by early 2028, with future iterations designed as permanent floating structures similar to offshore oil platforms. By leveraging the immense thermal energy stored in the oceans, Drogue seeks to provide a scalable and rapid deployment solution for the data center industry's growing infrastructure needs.
Tickers: $TM
Topics: AI Infrastructure Data Centers Ocean Thermal Energy Conversion Venture Capital