Magellan Scientific operates off-grid, modular data centers that provide low-cost, sustainable power for digital asset production and advanced computing. By locating facilities at fuel sources and utilizing proprietary zero-emission and reduced-carbon generation technologies, the company offers electricity at $0.015/kWh while minimizing grid strain.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing demand for digital asset production and advanced computing systems places a strain on existing electrical grids and contributes to a high carbon intensity in energy generation. This creates a need for more sustainable and localized power solutions.
Solution
Magellan Scientific operates off-grid, modular data centers in North America, leveraging proprietary technologies to produce digital assets and support advanced computing. By locating facilities at fuel sources, the company achieves exceptionally low electricity costs and minimizes transmission losses. Magellan utilizes both responsibly sourced natural gas generators, reducing carbon intensity compared to grid averages, and patented gas letdown generator technology for zero-emission electricity generation. This approach not only alleviates strain on local electrical grids but also provides a sustainable energy solution for digital asset production.
Target Audience
Magellan Scientific targets digital asset producers and companies requiring advanced computing infrastructure that seek cost-effective, reliable, and environmentally conscious energy solutions.
Features
- 100+ MW of power capacity across multiple North American locations.
- 100% off-grid operations, eliminating grid strain.
- Long-term contracts for low-cost fuel sources, enabling electricity generation at $0.015/kWh.
- Modular data center deployment at fuel sources for vertical integration.
- Nearly 30% reduction in CO2e Lbs/MWh compared to PJM market averages through natural gas generation.
- Patented zero-emission electricity generation technology utilizing gas letdown generators.
- Waste energy capture and conversion into digital assets.
- Ultra-efficient immersion data center technology.
- Potential for material carbon credit generation and eligibility for Investment Tax Credits (ITCs).