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Startup Critical Energy raises $19M to build modular turbines for geothermal power, aiming gigawatt-scale plants by 2030s.

Market News
17 Jun 2026
TechCrunch
View Source
Bullish
pluang ai news

Critical Energy, a startup focused on geothermal energy, secured $19 million in seed funding to develop modular turbines tailored for geothermal power plants. This technology addresses a shortage of compatible turbines, enabling faster and cheaper factory-built solutions compared to traditional large turbines assembled on site. The company plans to complete its first 2.5 megawatt project by 2027 and aims to scale up to gigawatt-level production by the early 2030s, potentially outpacing nuclear fission and fusion startups. With geothermal energy's vast potential and growing demand, especially from data centers, Critical Energy's innovation could accelerate renewable energy adoption and attract oil and gas industry involvement due to their drilling expertise.

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Helium market to reach $8.59B by 2035 driven by MRI and semiconductor demand growth

Helium market to reach $8.59B by 2035 driven by MRI and semiconductor demand growth

The global helium market, valued at $5.03 billion in 2025, is projected to grow to $8.59 billion by 2035 with a CAGR of 5.47%. Growth is fueled by rising demand in healthcare for MRI superconducting magnet cooling and expanding semiconductor manufact...

Market News
Bullish
1 hour ago
Defiance launches Europe's first memory UCITS ETF (DRAM) to tap rising AI-driven memory demand.

Defiance launches Europe's first memory UCITS ETF (DRAM) to tap rising AI-driven memory demand.

Defiance ETFs has introduced the Defiance Memory UCITS ETF (DRAM), the first memory-focused ETF in Europe, listed on Xetra and Borsa Italiana, with plans for London Stock Exchange. This ETF targets companies involved in memory semiconductors and data...

Others
Bullish
2 hours ago
Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting AI-driven memory chip demand.

Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting AI-driven memory chip demand.

Defiance ETFs has launched the first Memory UCITS ETF (DRAM) in Europe, focusing on companies involved in memory semiconductors and data storage systems. This ETF offers European investors access to the growing memory sector driven by AI, cloud compu...

Others
Bullish
2 hours ago
Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting semiconductor memory sector.

Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting semiconductor memory sector.

Defiance ETFs has introduced the Defiance Memory UCITS ETF (DRAM), the first European ETF focused on semiconductor memory and data storage companies. This ETF provides European investors exposure to a sector driven by rising demand from AI, cloud com...

Others
Bullish
2 hours ago
Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting semiconductor memory sector growth.

Defiance launches Europe's first Memory UCITS ETF (DRAM) targeting semiconductor memory sector growth.

Defiance ETFs has launched the first Memory UCITS ETF in Europe, named Defiance Memory UCITS ETF (DRAM), providing exposure to companies involved in semiconductor memory and data storage systems. This ETF addresses growing demand driven by AI, cloud ...

Others
Bullish
2 hours ago
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