, the startup converts landfill methane into bitcoin value with no grid connections or pipeline buildout. Vespene essentially installs onsite data centers powered by micro-turbines, getting energy from municipal landfills’ methane.
It gives landfill owners the ability to monetize their landfill methane, “reducing routine flaring and maintenance costs,” Vespene’s product summary says. Polychain Capital founder and CEO Olaf Carlson-Wee said on Tuesday that he believes the continued adoption of bitcoin will benefit from solutions like Vespene Energy’s product.
“We are excited to partner with Vespene as they build a creative solution to use mining to eliminate a potent greenhouse gas source, while making its energy mix greener,” the Polychain Capital founder said in a statement. Vespene Energy’s fundraising round comes at a time when there’s been a lot offocused on Bitcoin’s proof-of-work consensus mechanism and the energy the network uses.Data from globalmethane.
In addition to the flare gas mitigation firm Vespene Energy, there’s also companies like Crusoe Energy, Greenidge Generation, Upstream Data, and EZ Blockchain transforming flare gas emissions into
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Founde rod the company must have played a lot of StarCraft
Why is the mediaa silent on thiss