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Soluna Computing provides a solution for renewable energy producers by building small data centers that utilize excess energy generated by power plants. These data centers serve as reliable customers for renewable energy, helping producers sell all the energy they generate, which maximizes their revenue and reduces waste. Soluna's data centers are designed to be fully green, scalable, and responsive to energy demand, making them ideal for wind and solar power plants that often struggle to sell their excess output. The company operates by purchasing this excess energy at competitive prices, creating a steady income stream while also allowing renewable energy producers to earn more profits and retain tax credits. Soluna's goal is to create a sustainable market for excess renewable energy, benefiting both energy producers and the data center industry.
Company Stage
M&A
Employees
51-200
Industries
Data & Analytics, Industrial & Manufacturing, Energy, Aerospace
Total Funding
$132.6M
Headquarters
N/A
Founded
2018
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