Endurance Energy, founded by SpaceX alum Andrew Redd, has raised $54M in Series A funding to develop deep ocean geothermal energy plants. The company aims to tap into terawatts of untapped geothermal energy to meet growing power demands from AI data centers, EVs, and heavy industry. The funding round was led by Founders Fund with participation from several prominent venture capital firms.
Background
Geothermal energy is a renewable energy source that utilizes heat from the Earth's core, but traditional methods are limited to specific geographic locations with accessible heat sources near the surface.
- Source
- TechCrunch
- Published
- Jun 11, 2026 at 10:00 PM
- Score
- 7.0 / 10