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Lancium and Crusoe Energy Systems Announce Cross-Licensing of Intellectual Property

Retrieved on: 
Wednesday, October 26, 2022
Data Management, Utilities, Environment, Technology, Energy, Software, Environmental Health, DFM, LinkedIn, Efficiency, Electricity, Monte Carlo algorithm, YouTube, Control loading system, Intellectual property, Carbon, CLR, Twitter, Research, Entrepreneurship, High-throughput computing, Climate, Climate change, Flare, Dispatchable generation, Methane, Solution, Inc., Renewable energy, Crusoe, ERCOT

Lancium and Crusoe share a common vision of promoting decarbonization and improving the stability of electrical power grids, said Michael McNamara, Co-Founder and Chief Executive Officer of Lancium.

Key Points: 
  • Lancium and Crusoe share a common vision of promoting decarbonization and improving the stability of electrical power grids, said Michael McNamara, Co-Founder and Chief Executive Officer of Lancium.
  • Both Crusoe and Lancium have developed solutions to harness stranded and wasted energy resources to power advanced computing systems needed to drive our shared progress, said Crusoes Co-Founder and Chief Executive Officer, Chase Lochmiller.
  • Under the terms of the agreement, Lancium will make its patented intellectual property directed to the operation of rampable data centers as Controllable Load Resources (CLRs) available to Crusoe.
  • Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.

Lancium Closes $150M In Financing To Advance Ambitious Growth Strategy

Retrieved on: 
Tuesday, November 23, 2021
Slate, Development, CEO, Industry, Control loading system, Hanwha Solutions, Cryptocurrency, Energy, Q CELLS, Solution, Monte Carlo algorithm, Skadden, Risk, SBI Group, LLC, LinkedIn, Renewable energy, Risk management

Hanwha Solutions, one of the world's prominent providers of clean energy solutions and owner and operator of Q CELLS, leads this financing round.

Key Points: 
  • Hanwha Solutions, one of the world's prominent providers of clean energy solutions and owner and operator of Q CELLS, leads this financing round.
  • Lancium Closes $150M in Financing for Ambitious Growth; Support of Investors from Energy & Cryptocurrency Sectors
    "This financing allows us to embark on the next high-growth phase of our business, and we are encouraged by the support of a broad range of investors from the energy and cryptocurrency sectors," said Michael McNamara, co-founder and CEO of Lancium.
  • "We have an ambitious growth strategy with over 2,000 MW of capacity in development across our Clean Campuses, and significant capacity expected to come online in the year ahead."
  • New factors emerge from time to time, and it is not possible for Lancium to predict all such factors.