Share story
Capital Infrastructure

Drogue raises $20 million for ocean-powered floating data centers

Drogue raises $20 million for ocean-powered floating data centers Image: Primary
Drogue has raised $20 million to develop floating data centers powered by ocean temperature differences, the startup told TechCrunch. Investors include XYZ Venture Capital, Toyota Ventures and Tamarack Global. The Washington, D.C., company plans to send a multi-megawatt prototype aboard an oceangoing ship to sea in early 2028. Its system would use warm surface water to cool servers and then boil ammonia, driving an electricity-generating turbine. Water drawn from 1,000 meters deep would condense the ammonia for reuse. Drogue has preliminary approval in principle from the American Bureau of Shipping and is buying its first ship.
Sources
TechCrunch
Published by Tech & Business, a media brand covering technology and business. This story was sourced from TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure
Infrastructure

GlobalFoundries starts construction of Japan-funded New York chip fab

GlobalFoundries says it broke ground November 13 on a new semiconductor factory in Malta, New York, starting construction of the first of two planned fabs under a U.S.-Japan initiative providing up to $21 billion in funding.

Markets Insider
Capital AI
Capital AI

ValkaAI extends pre-seed funding round to €13 million

Czech startup ValkaAI has extended its pre-seed funding round to €13 million, with backing from Look AI Ventures and ff Venture Capital. The company announced €12 million in initial external funding in February 2026.

EU-Startups