Crusoe Energy Systems

Valuation $2B

About Crusoe Energy Systems

Crusoe Energy Systems provides solutions for the energy industry helping them to reduce routine flaring of natural gas.
Headquarters Crusoe Energy Systems, Denver
Founded 2018-08-23
Industry Energy, Energy Management, Oil and Gas
Last Funding Type Series D
Valuation 2
Total Funding $1.35 billion dollars
IPO Status Private

Financial

Crusoe Energy Systems invested $10 million in Tulsa, creating 100 jobs. Additionally, Crusoe Energy Systems entered a $3.4 billion joint venture with Blue Owl Capital and Primary Digital Infrastructure for AI data center development.

Crusoe Energy Systems is focused on developing systems and methods to mitigate the flaring of natural gas. Their research involves processing raw natural gas into a fuel gas stream, which is then used to power on-site power generation modules. These modules convert the fuel gas stream into usable energy, addressing the issue of routine flaring in the energy industry. This approach not only reduces waste but also provides a sustainable energy solution.

Crusoe Energy Systems LLC announced the construction of a 200 MW data center at the Lancium Clean Campus in Abilene, Texas, with plans to expand to 1.2 GW. Additionally, Crusoe released their 2023 Impact Report and is hosting a 'Hackathon for Clean Energy' in collaboration with Lowercarbon at their San Francisco office.
Funding Rounds 8
Number of Lead Investors 8
Total Funding Amount  $1.35 billion dollars
Number of Investors 36

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