Reformed Energy secures investment from Riot Platforms

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HOUSTON – Reformed Energy Inc., a Texas-based waste-to-energy firm, has recently obtained a strategic investment from Riot Platforms (NASDAQ:), Inc., a prominent mining company. This funding is set to initiate the development of a pilot site for Reformed Energy’s plasma gasification technology, which aims to transform waste into sustainable power and synthetic fuels.

The technology developed by Reformed Energy is designed to process various waste streams, including municipal solid waste, tires, and industrial sludges. By utilizing a closed plasma gasification system, the company claims to prevent over 99% of methane emissions typically associated with waste disposal and to reduce the volume of waste by approximately 90%.

The resulting synthesis gas can be used for power generation and the production of synthetic fuels, such as sustainable aviation fuel (SAF).

The pilot site will not only generate sustainable power but also function as a training and demonstration hub for entities interested in adopting Reformed Energy’s technology. The company’s CEO, Edward Evenson, expressed confidence in the technology’s potential to mitigate landfill waste and its versatile applications, including powering data centers and producing low-cost synthetic fuels.

Riot Platforms’ investment underscores its commitment to integrating renewable energy sources into its Bitcoin mining operations. CEO Jason Les highlighted the investment’s alignment with Riot’s strategy to foster renewable energy development incentivized by Bitcoin mining.

Reformed Energy, with its operations in Houston and manufacturing in the USA, envisions providing abundant energy from waste. The company’s team boasts expertise in plasma gasification, energy, and Bitcoin mining. Riot Platforms, listed on NASDAQ: RIOT, operates Bitcoin mining facilities in Texas and has engineering and fabrication operations in Colorado.

This investment marks a significant step for both companies in advancing sustainable energy solutions, with Reformed Energy poised to commence its journey toward commercial-scale production of synthetic fuels and power generation.

The information in this article is based on a press release statement from Reformed Energy Inc.

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