Aircraft startup Boom Supersonic is diversifying its technology portfolio by offering its turbine engines as stationary power plants for data centers. Crusoe, a data center startup, has committed to purchasing 29 of Boom’s 42-megawatt turbines for $1.25 billion, aiming to generate 1.21 gigawatts of power for its facilities.
This strategic move marks Boom’s foray into the energy sector, leveraging its turbine technology for land-based applications. The company’s transition to selling its Superpower stationary turbines was made possible through a recent $300 million funding round led by Darsana Capital Partners, with participation from investors like Altimeter Capital, Ark Invest, and Y Combinator.
By sharing 80% of its parts with the airborne engine named Symphony, Boom aims to optimize production efficiency and capitalize on synergies between its different product lines. This approach is reminiscent of SpaceX’s strategy with the Starlink satellite constellation, highlighting Boom’s adaptability and diversification in harnessing its core technology for new markets.
The profits generated from these turbine sales will be reinvested to support the ongoing development of Boom’s Overture supersonic aircraft, according to the company’s CEO, Blake Scholl. This strategic shift underscores Boom Supersonic’s commitment to technological evolution and growth.
Source: TechCrunch
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