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PORTLAND, Ore., May 5, 2026, 05:21 PDT Panthalassa, the ocean-energy startup out of Portland, Oregon, has secured $140 million in Series B funding, led by Peter Thiel, the company said. With the new capital, Panthalassa plans to complete its pilot factory just outside Portland and ramp up deployment of its Ocean-3 AI-powered wave nodes in the northern Pacific. Thiel called it a move that “opened the ocean frontier.” (Business Wire) It’s all about timing. The International Energy Agency reports that data-center electricity use jumped 17% in 2025, with AI-specific centers spiking 50%. Looking ahead, the IEA expects total data-center demand

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