Unblock Secures $13.5 Million in Funding to Accelerate Latin America's Stranded Energy Opportunity

Unblock, a pioneering energy infrastructure company, has announced a major funding milestone, securing $13.5 million from prominent investors, including Goldcrest Capital and Collaborative Fund. This financing round also saw participation from Argentine energy powerhouses Pampa Energia and Grupo Sielecki, as well as other notable investors. With this influx of capital, Unblock aims to further scale its unique solution to the pressing issue of flared gas and renewable energy curtailment in Latin America. By deploying modular data centers at remote energy production sites, Unblock is not only reducing greenhouse gas emissions but also generating economic value for producers.

Key Takeaways:

• Unblock, a company turning stranded energy into computing power, has secured $13.5 million in total funding, led by Goldcrest Capital and Collaborative Fund.
• The company deploys modular data centers at remote energy production sites, capturing gas that would otherwise be flared or renewable energy that gets curtailed, resulting in 142,000 tons of CO2 eliminated annually.
• Unblock operates the world's second-largest computing fleet at oil field facilities and plans to double its capacity by September through two major projects.
• The company is intensifying hiring across its engineering and field operations teams and vertically integrating data center production locally to accelerate expansion across Latin America.
• The funding will also fuel Unblock's vision of an elastic computing network that flexibilizes midstream infrastructure and smooths volatility in the power grid.

Statistics:

• $13.5 million: Total funding secured by Unblock for further scaling its unique solution to stranded energy.
• 142,000 tons: Annual CO2 emissions eliminated through Unblock's data centers.
• 15MW: Growth in computing capacity achieved by Unblock in just over a year.
• 2 major projects: Ongoing expansion plans aimed at doubling Unblock's capacity in the next few months.

Sources:

• [Source: companies (Unblock), news article (Buenos Aires: Unblock), Business Wire (press release), dates: no specific date mentioned]
• [Source: companies (Collaborative Fund), news article (Buenos Aires: Unblock), danfriedland.com (Dan Friedland)]