Oxford MBA alumnus is turning unwanted oil field gas into supercomputing power
The World Bank recently estimated that, in 2018, 145 billion cubic metres of gas from oil fields was ‘flared’ – burnt off into the earth’s atmosphere in a process that creates greenhouse and smog-related emissions like NOx, VOCs and CO while lighting up the night sky for many miles.
Cully Cavness, an alumnus of Saïd Business School, University of Oxford is president of Crusoe Energy Systems – a company that has devised a unique solution to this problem. They deploy ruggedly customized supercomputers into oil fields and use the excess gas to power energy intensive computing programmes, such as blockchain processing, training AI models or machine learning.
‘There is an environmental benefit to this process, because our power generation equipment cleans the emissions stream and also reduces natural gas flaring,’ explained Cavness. ‘This means we can offer powerful computing services, while helping the oil field clean up emissions and reduce waste.’
The idea has been a resounding success: Crusoe has already eliminated more than 35 million cubic feet of natural gas flaring, significantly reducing air emissions in three states in America.