A geothermal startup is developing power plants that can be built in a factory assembly line and then installed in as little as two weeks to meet surging electricity demand from AI data centers.
Los Angeles-based Critical Energy says it’s using $22 million in seed funding raised since 2024 to open its first full-sized plant in 2027. Unlike traditional plants, the company’s modular design allows the equipment to be shipped in pieces on 18-wheelers. The funding was led by Susa Ventures and Upfront Ventures.
“The thing that needed to be done here was a manufacturing and supply chain change. Not a ...
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