Tech Company Financing Transactions
Nodal Power Funding Round
Nodal Power, operating out of Salt lake city, secured $13 million in investment from private investors.
Transaction Overview
Company Name
Announced On
8/24/2023
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach to mitigate methane emissions at landfills. Much of the funding has already been deployed to build and operate two power plants in the US. Site one, located in the southeast US, exports electricity generated by landfill gas to the local utility. This site is also equipped with a data center, which allows for economic dispatch between the utility and the data center. Site two, located in the mountain west, runs a fully sustainable off-grid data center powered by landfill gas. Additional funds will be deployed at a third US site early 2024. All three sites produce renewable electricity from methane gas generated by the decomposition of organic waste at landfills.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
250 E 200 S,
Salt lake city, UT 84111
USA
Salt lake city, UT 84111
USA
Phone
Undisclosed
Website
Email Address
Overview
Nodal has developed and implemented patent-pending landfill gas-to-energy datacenter technology and systems. NCR is powering our first-of-kind projects enabling optimization of energy sales and datacenter compute loads.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bryan Black
Chief Financial Officer
Daniel Sechrest
Browse more venture capital transactions:
Prev: 8/24/2023: Panobi venture capital transaction
Next: 8/24/2023: PrimaKu venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs