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Boom Supersonic raises $300M to build natural gas turbines for data centers

2 days ago
  • #Turbine Technology
  • #Data Centers
  • #Boom Supersonic
  • Boom Supersonic is selling a stationary power plant version of its turbine engine, with data center startup Crusoe as its first customer.
  • Crusoe will purchase 29 of Boom’s 42-megawatt turbines for $1.25 billion to generate 1.21 gigawatts for its data centers.
  • Boom raised $300 million to commercialize its Superpower stationary turbine, with profits funding its Overture supersonic aircraft development.
  • The Superpower turbine shares 80% of its parts with Boom’s airborne Symphony engine.
  • Boom’s XB-1 demonstrator recently became the first privately developed civil aircraft to break the sound barrier.
  • Crusoe is paying $1,033 per kilowatt for Boom’s turbines, which is higher than typical aeroderivative turbine costs.
  • Boom’s Superpower targets 39% efficiency, with plans for a field upgrade to convert to combined cycle for higher efficiency.
  • The turbines will be delivered in shipping containers, with developers responsible for additional infrastructure.
  • Boom plans to scale production to 1 gigawatt in 2028, 2 gigawatts in 2029, and 4 gigawatts in 2030.
  • Scaling production poses challenges, but success could accelerate commercial supersonic flights.