Digital Assets: Nodal Power Raises $13M For Converting Landfill Methane To Green Energy
The green energy is utilized in data centers and bitcoin mining operations.
Nodal Power, based in Utah, has successfully raised $13 million in a seed funding round for its innovative technology that converts landfill gas into energy to power Bitcoin mining centers. The company aims to reduce methane emissions from landfills by utilizing the gas for mining operations.
Instead of flaring or venting the methane, Nodal Power combusts it with a generator, producing electricity that benefits both local utilities and Bitcoin mining facilities. The company has already invested a significant portion of the funds in building and operating two power plants in the United States. (Bitcoin.com)
One plant in the Southeast generates electricity for a nearby utility and includes a Bitcoin data center, while the other in the Mountain West region operates a sustainable off-grid data center solely powered by landfill gas.
These facilities therefore utilize environmentally friendly electricity from the methane generated through the decomposition of organic waste in landfills.
Nodal Power’s approach holds promise for contributing to local energy markets and addressing overlooked resources in smaller landfills.
Other companies like Crusoe Energy, Vespene Energy, EZ Blockchain, and Equinor have also explored using flared or vented gas for Bitcoin mining.
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