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BusinessActive · 19h

Crusoe dumps $1.25B Boom turbine deal for AI data centers

The Denver startup backs out of its partnership to power data centers with Boom Supersonic's stationary jet engines.

newest coverage 2h agosummary written 2h ago5 pieces3 likes & upvotes1 comments MastodonNewswiresRedditHacker News

What to know

  • Crusoe Energy, which recently raised $3.9B, has exited a $1.25B agreement to buy Boom Supersonic's Superpower turbines for its AI data centers.
  • Boom Supersonic, which had positioned turbine profits as funding for its Overture supersonic jet, has lost its anchor customer and launch partnership.
  • Crusoe said turbines no longer fit its near-term power strategy; it will use grid, gas turbines, wind, solar, and batteries depending on each site's needs.
  • Boom claims it has other customers in pipeline and targets 250MW of turbine deliveries in 2027 and 1GW by 2028.

“We build AI factories from the power up, and we're bringing new campuses online across the country, powered by innovative energy sources.”

Andrew Schmitt, Crusoe Energy spokesperson · TechCrunch ↗ · Sep 25

Blake Scholl Boom Supersonic CEOCrusoe Energy AI data center developerBoom Supersonic Aerospace/power generation companyAndrew Schmitt Crusoe Energy spokesperson

Crusoe dumps $1.25B Boom turbine deal for AI data centers
techcrunch.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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8 PMtoday4 AM8 AMnow · 2:27 PM ET
  1. 2

    Boom says other customers in pipeline; Crusoe cites flexibility on power sources

    Scholl signals Boom has alternative customers lined up and targets 250MW of turbine deliveries in 2027 and 1GW by 2028. Crusoe's Andrew Schmitt says the company builds data centers 'from the power up' with flexible energy solutions including turbines, wind, solar, batteries, and grid power.

    “Boom will be delivering about 250MW of Superpowers next year to other sites, and we're targeting 1GW in 2028.”
    — Blake Scholl
    1. 1 outlet Crusoe abandons $1.25B plan to use Boom turbines at AI data centers

      first by TechCrunch, 19h ago

  2. 1

    Crusoe exits turbine purchase agreement with Boom

    Crusoe Energy officially backs out of its turbine partnership with Boom Supersonic. The deal collapse removes Boom's primary launch customer and its planned revenue source to fund Overture jet development.

    “The TL/DR is that turbines are no longer part of Crusoe's near term primary power mix at Abilene/etc., so a launch partnership just didn't make sense…”
    — Blake Scholl
  3. background

    Crusoe signs $1.25B deal for Boom turbines — Crusoe Energy agrees to become Boom Supersonic's first customer, committing to purchase 29 of Boom's 42-megawatt Superpower turbines for $1.25 billion, with first deliveries planned for 2027.

  4. background

    Boom Supersonic launches stationary power plant business — Boom Supersonic, a Denver-based aerospace company developing the Overture supersonic jet, launches a new business line to sell stationary natural gas-fired power plants based on its jet engine design. The Superpower turbine shares about 80% of the same parts as Boom's Symphony jet engine.