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Crusoe Achieves Operational Milestones and Closes $128 Million Series B Financing to Expand Patented Digital Flare Mitigation® Technology

DENVER (BUSINESS WIRE) Apr 26, 2021
Crusoe Energy Systems Inc. (the âCompanyâ) has closed a $128 million Series B equity financing led by Valor Equity Partners with participation from Lowercarbon Capital, DRW Venture Capital, Founders Fund, Bain Capital Ventures, Coinbase Ventures, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Exor, Zigg Capital and JB Straubel, the co-founder and former CTO of Tesla and founder and CEO of Redwood Materials. Crusoe also secured a non-dilutive $40m project financing facility from Upper90 in addition to the new equity capital. The combined funding will expand Crusoeâs operations as the Company pursues its mission to eliminate the routine flaring of natural gas and associated methane emissions while delivering low cost computing infrastructure. Crusoe deploys mobile, modular data centers that generate electrical power from otherwise wasted and flared natural gas (Digital Flare MitigationÂ® or DFM). ....

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Crusoe Achieves Operational Milestones and Closes $128 Million Series B Financing to Expand Patented Digital Flare Mitigation® Technology

Crusoe Achieves Operational Milestones and Closes $128 Million Series B Financing to Expand Patented Digital Flare Mitigation® Technology
tullahomanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tullahomanews.com Daily Mail and Mail on Sunday newspapers.

New Mexico , United States , North Dakota , Cully Cavness , Massachusetts Institute Of Technology Computer Science , Founders Fund , Environmental Defense Fund , Kraken Oil Gas , World Bank , Crusoe Energy Systems Inc , Crusoe Energy Systems , Artificial Intelligence Lab , Devon Energy , Energy Systems , Valor Equity Partners , Lowercarbon Capital , Bain Capital Ventures , Coinbase Ventures , Polychain Capital , Winklevoss Capital , Zigg Capital , Digital Flare Mitigation , Kraken Oil , Massachusetts Institute , Computer Science , Crusoe Digital Flare Mitigation ,

Could Bitcoin Solve The Oil Flaring Problem?

Could Bitcoin Solve The Oil Flaring Problem?
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Could Bitcoin Solve The Oil Flaring Problem?

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Colorado Technology Association Announces Crusoe Energy Systems as Winner of Emerging Technology Company of the Year APEX Award

Posted on
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The Colorado Technology Association (“CTA”) names Crusoe Energy Systems Inc. (“Crusoe”) as the winner of the APEX Award for Emerging Technology Company of the Year. The honor is awarded to Colorado’s most innovative technology company which has operated for less than five years. CTA, a membership based organization, strives to promote technology in the state of Colorado by connecting leaders in the industry, highlighting the state’s technology industry and providing mentorship opportunities.
Crusoe’s Digital Flare Mitigation™ (“DFM”) technology captures natural gas that would otherwise have been flared in the oil field and repurposes the wasted gas to power mobile, modular data centers deployed directly at the wellsite. DFM reduces methane emissions from flaring by over 95%, significantly reducing CO ....

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