SpaceX alum nabs $22M to turn rocket engines into geothermal power plants (opens original article in a new tab)

A tech startup founded by a SpaceX alum has raised $22 million to develop modular turbines for geothermal power plants, aiming to accelerate geothermal energy production through factory-built components inspired by rocket engine technology.

• SpaceX alum-founded startup Critical Energy raises $22M to develop modular turbines for geothermal power plants
• Critical Energy aims to build 2.5 megawatt geothermal project by 2027 using factory-built turbines inspired by rocket engine design
• Startup targets gigawatt-scale turbine production by 2030s to address turbine shortages for geothermal expansion
• Investors include Susa Ventures, Upfront Ventures, and Silicon Valley Bank with $3M in venture debt