Florida-based startup Magma Power secures 11 patents for magma-based renewable energy technology, offering baseload energy at 1 cent/kWh.

Magma Power, a Florida-based startup, has obtained 11 global patents for its innovative magma-based renewable energy technology, capable of generating baseload energy at just 1 cent per kWh. This scalable system harnesses heat from magma reservoirs, offering a sustainable solution for industries like AI data centers and green fuel production. The company is providing licensing agreements for over 1,000 global sites, with potential tax credits available for partners in the pre-production phase.

September 16, 2024
4 Articles