Portland-based ocean technology startup Panthalassa has raised $140 million in Series B funding to scale its autonomous, wave-powered AI computing systems. The round was led by Peter Thiel, with participation from John Doerr, TIME Ventures, SciFi Ventures, Fortescue Ventures, Super Micro Computer, and others. Panthalassa’s floating Ocean-3 nodes generate electricity from ocean waves and use the power directly onboard for AI inference computing, with results transmitted back to land via satellite and the surrounding ocean providing cooling. The funding will support the completion of a pilot manufacturing facility near Portland and deployment of Ocean-3 pilot nodes in the northern Pacific in 2026, ahead of planned commercial deployments in 2027.

Nuclea Energy will acquire Moltex Energy’s advanced nuclear technology portfolio following a competitive bidding process. The deal includes 80 granted patents across nine patent families, nine pending patents, and technologies spanning used nuclear fuel recycling and advanced reactors, backed by more than C$96 million in public and private funding. Nuclea plans to retain Moltex Energy Canada to advance the technologies through research, engineering, and regulatory development.

Tesla has applied for a property tax incentive in Texas for a proposed USD $10.1 billion solar cell manufacturing facility in Fort Bend County. The project, targeting commercial operations in Q1 2029, would manufacture wafers, ingots, PV solar cells, and solar modules for utility-scale, commercial, and distributed solar markets. Tesla expects the facility to create 9,712 permanent jobs, while continuing to evaluate potential sites across multiple U.S. states.

A June Bureau of Land Management (BLM) geothermal lease sale in New Mexico generated USD $16.5 million across 47 parcels, with average winning bids reaching $107 per acre, more than triple Nevada’s 2025 average. Rock Canyon Resources paid a record $701 per acre, or 3.14 million, for a 4,479-acre tract. Enverus says rising competition reflects growing demand for high-quality geothermal resources, with proximity to high-voltage transmission adding an estimated $43 per acre in value. With BLM auctions scheduled in Utah, Nevada, and Idaho later this year, the sale could establish a new benchmark for U.S. geothermal development acreage. The bidding signals a broader trend of investors placing greater value on the firm, 24/7 clean power that geothermal provides as electricity demand from data centers and industrial loads accelerates.

As interest and investment in fusion energy grows, Japan-based fusion startup Kyoto Fusioneering has secured grants from the U.S. Department of Energy and the state of Tennessee to develop Unity-3, a prototype fuel breeding device at the Oak Ridge National Laboratory. The system will test breeding blanket technologies that generate tritium fuel while capturing heat from fusion reactors. With $121 million in committed capital, and roughly half of fusion startups saying they plan to work with external suppliers like Kyoto Fusioneering on fuel-cycle technologies, the company is positioning itself as a key supplier to the emerging fusion industry.