Nodal Power has a revolutionary concept for how to transform landfills: turn methane emissions from trash into power for Bitcoin mining.
How it works:
- Trash landfills emit enormous amounts of methane gas, which have a very harmful effect on the environment
- Nodal Power builds infrastructure on site at landfills that is able to take methane gas and combust it in a generator
- From the combustion process they are then able to produce renewable electricity
- Further, they purpose-built a first-of-its-kind data centre that is capable of mining Bitcoin solely from the renewable energy they are producing
Why it matters:
- Methane gas affects air quality, traps more heat in the air per molecule than CO2, and is considered to be over 80x more harmful than carbon dioxide
- There are landfills all over the world and most of them are net negative on the environment
- If successful, Nodal Power could potentially be unlocking a game change way to turn a harmful greenhouse gas emission issue into a renewable energy source
- Aside from potentially powering data centres and Bitcoin mining, all the renewable energy created from Nodal could be sold back into local utility grids
By the numbers:
- Nodal recently raised $13M USD in seed funding
- The round was led by SpaceStation Investments
