Magma Power Secures Global Patents for Magma-Based Renewable Energy Technology

Magma Power, LLC, a green energy start-up based in Tampa, Florida, announced the securement of eleven global patents for its magma-based renewable energy technology. 

These patents include the company's solutions for using magma-based energy to power a range of sectors, such as the manufacturing of green fuel, AI data centers, and bitcoin mining. 

With a cost target of 1 cent per kilowatt hour (kWh), the technology seeks to produce baseload renewable energy, which could result in lower energy costs for all industries. 

Through the use of massive heat from magma reservoirs, Magma Power's systems provide a reliable and scalable source of green energy to meet the world's energy needs for an extended period of time. 

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Levi Conner, the CEO of Magma Power LLC said, “We've unlocked a virtually limitless energy source that can power the world for generations."

He added, "Our technology delivers baseload renewable energy at a scale and price that is unprecedented. Magma Power is not just an energy innovation—it's a breakthrough that will reshape industries globally." 

Magma Power's strategy expands on research first carried out by Sandia National Laboratories in the 1970s, which examined the possibility of using drilling to capture the enormous heat that magma possesses. 

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Additionally, the company has filed 46 international patents that encompass more than 1000 pending claims for the production and use of magma energy. 

Magma Power expects to license all 1000 identified global sites within the next 6 to 12 months.