By Sukanya Ganesh — Nov 14, 2022

🌿 Biofuel for Bitcoin Mining

Vespene Energy and how it offers low energy cost solutions for Bitcoin mining

Photo by Nikola Johnny Mirkovic / Unsplash

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Vespene Energy - renewable bitcoin mining

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Vespene Energy - renewable Bitcoin mining

Vespene Energy is a Berkeley, CA based company focused on the intersection of Bitcoin, Climate and Energy. The company can be viewed as a methane mitigation company, a low energy cost Bitcoin mining company, and a long term renewable energy infrastructure developer. Vespene utilizes micro-turbines installed at municipal landfills to convert excess or wasted methane gas into electricity which is then fed to bitcoin mining data centers. Vespene's immediately deployable, and highly scalable technology, enables municipal landfill operators to monetize an otherwise stranded asset while reducing harmful greenhouse gas emissions. As Vespene provides this infrastructure, the municipalities have a completely hands-off experience which enables a completely new revenue stream with zero cost to the municipality.

Their goal is to mitigate a major source of greenhouse gas emissions and help fuel the transition to a renewable energy future by using bitcoin mining to turn landfill methane streams into revenue streams for their customers. Their sites require no connection to the grid or pipeline buildout. They can turn otherwise harmful and wasted landfill methane into a clean power source for carbon-negative Bitcoin mining in about six months. Furthermore, the unique structure Vespene offers actually incentivizes local governments to learn more about bitcoin and the mining process.

Vespene's unique approach enables landfill operators to get ahead of pending EPA (Environment Protection Agency) mandates to reduce methane emissions – one Vespene module will eliminate 270,000 metric tons of CO2-equivalent per year – while Bitcoin mining provides a near-term revenue stream that serves as a bridge to eventually power on-site vehicle charging, fleet electrification, and grid-interconnection. Bitcoin mining depends on access to large amounts of inexpensive sources of energy. By using wasted methane to power Bitcoin mining, Vespene is killing two birds with one stone – mitigating harmful GHG emissions and helping transition Bitcoin mining toward carbon-neutral and carbon-negative energy sources.

Adam Wright is the co-founder and CEO of Vespene Energy. Vespene Energy has raised a total of $4.3M in funding.