Nodal Power is a technology company.
Nodal Power has raised $13.0M across 1 funding round.
Nodal Power has raised $13.0M in total across 1 funding round.
Nodal Power has raised $13.0M in total across 1 funding round.
Nodal Power's investors include 1confirmation, Atlantic Bridge, Rexhep Dollaku, FTX Ventures, Andrew Jones, Louis Beryl, Naveen Selvadurai.
Nodal Power is a renewable energy technology company that develops and operates power plants converting landfill gas (LFG)—primarily methane—into electricity, targeting smaller landfills to mitigate emissions and generate power.[1][2][3] It serves landfills, utilities, and data centers by solving the problem of wasted methane through combustion in generators, producing renewable energy that powers off-grid data centers (including Bitcoin mining) and grid exports, while reducing carbon emissions compared to flaring or venting.[1][4] The company raised $13 million in seed funding in 2023, deploying much of it to build two operational U.S. plants—one exporting to a Southeast utility with an integrated data center, and another fully sustainable off-grid data center in the Mountain West—with a third site planned for early 2024, signaling strong early growth momentum.[1]
Nodal Power was founded in 2021 by CEO Bryan Black and is headquartered in Salt Lake City, Utah.[1][2][3] Black, leading the energy-first approach, identified an opportunity in smaller landfills often overlooked for LFG capture, developing modular solutions to harness this methane for power generation.[1] Early traction came swiftly with the $13 million seed round, enabling rapid deployment of two power plants and positioning the company to scale across U.S. sites amid rising demand for methane mitigation.[1][3]
Nodal Power rides the wave of methane mitigation and renewable energy trends, capitalizing on regulatory pressures like EPA rules and global net-zero goals that prioritize landfill emissions capture—methane being 25-80 times more potent than CO2 over 20 years.[1] Timing aligns with surging demand for green baseload power amid data center expansion (e.g., AI and crypto mining), where off-grid LFG solutions provide cheap, sustainable energy without grid upgrades.[1][4] Market forces like RNG incentives and waste-to-energy subsidies favor it, while its model influences the ecosystem by proving smaller landfills as viable energy sources, potentially accelerating adoption in the $10B+ U.S. LFG market.[1]
Nodal Power is poised for expansion with its seed capital fueling additional plants, likely targeting more U.S. landfills and international opportunities as methane regulations tighten post-2024.[1] Trends like AI-driven data center growth and carbon credit markets will amplify demand for its dispatchable green power, evolving its role from niche mitigator to key player in decentralized renewables. This positions Nodal to scale influence, transforming waste sites into energy hubs and deepening ties between cleantech and high-compute industries—echoing its core mission to unlock overlooked resources for broader impact.[1][4]
Nodal Power has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Seed in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $13.0M Seed | 1confirmation, Atlantic Bridge, Rexhep Dollaku, FTX Ventures, Andrew Jones, Louis Beryl, Naveen Selvadurai |