CleanTechnica reports that Panthalassa has raised $140 million to build autonomous ocean platforms that convert wave energy into electricity and use it on the spot for AI inference computing. That setup removes a real headache for wave energy: no need to send power back to land through expensive subsea cables.
But the source frames this as the latest layer of AI hype wrapped around a sector with deep-rooted commercial problems. The pitch sounds novel, yet the underlying economics of wave energy remain as difficult as ever. The source suggests that the buzz around AI risks obscuring those older, unsolved business challenges rather than fixing them.