Website: [crusoe.ai](https://www.crusoe.ai) ### Introduction Crusoe Energy, founded in 2018 by Chase Lochmiller and Cully Cavness, is headquartered in Denver, Colorado. The company, which remains private, employs a growing workforce, though exact employee counts are not publicly disclosed in recent data. Crusoe's mission centers on providing sustainable, energy-efficient compute infrastructure for high-performance computing (HPC) and artificial intelligence (AI) workloads. Initially focused on mitigating methane emissions by repurposing stranded natural gas from oil fields to power mobile data centers, Crusoe has evolved into a vertically integrated "AI factory company," emphasizing renewable-powered AI infrastructure and cloud computing solutions through its Crusoe Cloud platform. Crusoe distinguishes itself by aligning energy production with compute demand, addressing the escalating power needs of AI and data center operations. The company has pivoted from early bitcoin mining applications to broader AI and HPC markets, positioning itself as a leader in sustainable, scalable infrastructure for next-generation technologies. With a focus on reducing carbon footprints through innovative energy sourcing, Crusoe aims to power the future of AI while tackling environmental challenges in the energy-intensive compute sector. ### Key Products and Technology - **Crusoe Cloud Platform (Cloud Compute Infrastructure)** - **Technical Specifications**: Offers scalable GPU clusters for AI workloads, with performance tailored for high-intensity computing tasks. Specific power output or efficiency metrics are not publicly detailed, but the platform emphasizes 24/7 reliability and high-density compute. - **Fuel Type or Energy Source**: Primarily powered by stranded natural gas (historically from oil field flaring) and increasingly by renewable energy sources like solar, as seen in initiatives like Crusoe Spark. - **Key Differentiators**: Energy-first approach reduces operational costs and carbon emissions by colocating compute with low-cost or wasted energy sources. Provides vertically integrated infrastructure for seamless AI deployment. - **Development Stage**: Operational, with active deployments and customer usage. - **Target Customers**: Enterprises, AI developers, and data-intensive industries requiring scalable compute resources. - **Crusoe Spark (Modular Data Centers)** - **Technical Specifications**: Modular, mobile data centers designed for rapid deployment at energy source locations. Specific power capacities vary by deployment but are optimized for high-density compute (e.g., >50 kW per rack). - **Fuel Type or Energy Source**: Combines stranded natural gas, solar power, and second-life EV batteries for baseload solar AI computing, as highlighted in recent collaborations. - **Key Differentiators**: Mobility and modularity allow deployment in remote or energy-rich locations, reducing grid dependency. Integration with renewables enhances sustainability. - **Development Stage**: Operational with pilot projects and partnerships, such as with Redwood Materials. - **Target Customers**: Energy producers, remote industrial sites, and AI/HPC clients seeking off-grid compute solutions. - **Crusoe Managed Inference (AI Inference Service)** - **Technical Specifications**: Built into the Crusoe Intelligence Foundry, designed for high-performance inference of demanding AI workloads. Detailed specs are not public but focus on operational simplicity and performance. - **Fuel Type or Energy Source**: Leverages Crusoe’s broader energy-efficient infrastructure, likely a mix of natural gas and renewables. - **Key Differentiators**: Removes operational complexity for AI inference, enabling clients to focus on outcomes rather than infrastructure management. - **Development Stage**: Recently launched as of late 2025, per social media updates. - **Target Customers**: AI companies and enterprises with intensive inference needs. ### Regulatory and Licensing Status Crusoe Energy operates primarily in the compute and energy infrastructure space, not the nuclear sector, so it does not fall under the purview of the Nuclear Regulatory Commission (NRC). Instead, its regulatory landscape involves environmental compliance related to methane mitigation, natural gas usage, and renewable energy integration. Specific permits or approvals for data center deployments at oil field sites or renewable energy locations are handled at state and local levels, though detailed public records of individual permits are limited. The company has not faced notable regulatory hurdles in recent public reports, likely due to its focus on repurposing wasted energy, which aligns with broader environmental goals. Upcoming regulatory considerations may include compliance with evolving data center energy efficiency standards and emissions regulations as AI compute demand grows. There are no specific timelines for regulatory milestones provided in current data, but Crusoe’s emphasis on sustainability suggests proactive engagement with environmental policies. First commercial deployments for new services like Crusoe Managed Inference appear to be underway as of late 2025, based on recent announcements [Crusoe Newsroom](https://www.crusoe.ai/resources/newsroom). ### Team and Leadership - **Chase Lochmiller (CEO and Co-Founder)**: A tech entrepreneur with a background in computer science and cryptocurrency mining, Lochmiller drives Crusoe’s vision of aligning energy and compute infrastructure for sustainable AI growth. - **Cully Cavness (President and Co-Founder)**: With experience in technology and energy sectors, Cavness focuses on operational strategy and partnerships, often engaging publicly on sustainability initiatives. ([@Electron_Cowboy](https://x.com/Electron_Cowboy)) Specific bios for other executives such as CTO or additional leadership are not detailed in the most current public sources, limiting this section to the co-founders. ### Funding and Financial Position Crusoe Energy has raised significant capital to fuel its expansion in AI infrastructure. In its latest Series E funding round announced on October 24, 2025, the company secured $1.375 billion at a valuation exceeding $10 billion. The round was co-led by Mubadala Capital and Valor Equity Partners, with participation from prominent investors including NVIDIA, Founders Fund, Fidelity Management & Research Company, T. Rowe Price, Tiger Global Management, Salesforce Ventures, Franklin Templeton, [[Lowercarbon Capital]], and StepStone Group [Pulse2.com](https://pulse2.com/crusoe-1-375-billion-at-10-billion-valuation-raised-to-advance-future-of-ai-infrastructure/). This oversubscribed round underscores strong investor confidence in Crusoe’s model. As a private company, Crusoe does not disclose detailed revenue figures, but its pivot to AI and HPC suggests it is beyond pre-revenue status, likely generating income from active data center operations and cloud services. The funding will support the buildout of gigawatt-scale AI data centers powered by clean energy, positioning Crusoe as a major player in the sector [Tech Startups](https://techstartups.com/2025/10/24/crusoe-raises-1-37b-in-funding-at-10-b-valuation-to-build-gigawatt-scale-ai-data-centers-powered-by-clean-energy/). ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|----------------------------------------------------------------------------------------------| | Dec 23, 2025 | Launch of Crusoe Managed Inference | New service for high-performance AI inference launched, integrated into Crusoe Intelligence Foundry [Crescent Enterprises on X](https://x.com/CrescentEnterp/status/2003413679120007309). | | Dec 12, 2025 | Series E Funding Update | Confirmation of $1.375B Series E round led by Valor Equity Partners and Mubadala Capital [DataCenterDynamics](https://www.datacenterdynamics.com/en/news/crusoe-raises-1375bn-in-latest-funding-round/). | | Oct 24, 2025 | Series E Funding Announcement | Crusoe secures $1.375B at over $10B valuation to expand AI infrastructure [Crusoe Newsroom](https://www.crusoe.ai/resources/newsroom/crusoe-announces-series-e-funding). | | Jun 27, 2025 | Crusoe Spark Partnership | Collaboration with Redwood Materials for solar-powered modular data centers using second-life EV batteries [Cully Cavness on X](https://x.com/Electron_Cowboy/status/1938618520113389582). | | Apr 25, 2025 | Industry Context on Green Data Centers | Broader discussion on sustainable data centers highlights Crusoe’s relevance in eco-efficient HPC [AITECH on X](https://x.com/AITECHio/status/1915647032422752686). | ### Partnerships and Collaborations - **Redwood Materials**: Partnership to develop Crusoe Spark modular data centers powered by solar energy and second-life EV batteries. This collaboration enhances Crusoe’s sustainability profile and enables cost-effective baseload solar AI computing, targeting remote and energy-rich locations. - **NVIDIA**: As a participant in Crusoe’s Series E funding, NVIDIA likely provides strategic support in GPU technology integration for AI workloads, strengthening Crusoe’s position in high-performance computing. - **Energy Producers (General)**: Crusoe collaborates with oil and gas companies to repurpose stranded natural gas at well sites, mitigating methane emissions while powering compute infrastructure. Specific partners are not named in recent public data but are a core part of Crusoe’s early business model. ### New Hampshire Relevance Crusoe Energy’s technology could have potential relevance for [[New Hampshire]], particularly in addressing the state’s growing data center and compute demands while aligning with sustainability goals. New Hampshire’s proximity to the ISO-NE grid and existing infrastructure like [[Seabrook Station]] (a nuclear power plant) offers opportunities for Crusoe to deploy modular data centers or cloud compute solutions near reliable power sources. While Crusoe’s current focus on stranded natural gas and renewables may not directly tie to nuclear energy, its energy-first approach could complement NH’s grid stability needs, especially for data center loads. Crusoe’s technology readiness, with operational products like Crusoe Cloud and Crusoe Spark, suggests it could deploy solutions in NH on a relatively short timeline, pending local partnerships or regulatory approvals. The company’s sustainability focus aligns with NH legislative initiatives like HB 710, which may encourage clean energy innovations, though specific SMR provisions are less relevant to Crusoe’s non-nuclear model. Potential applications include powering data centers (a growing sector in the Northeast) or supporting industrial compute needs with off-grid or renewable-backed solutions. There is no direct evidence of Crusoe expressing interest in NH or the Northeast specifically, but its scalable, modular infrastructure could fit regional energy and tech hubs if pursued. ### Competitive Position Crusoe Energy competes in the AI infrastructure and data center space with companies like [[CoreWeave]], xAI, and traditional cloud providers such as AWS or Microsoft Azure. Compared to [[CoreWeave]], which focuses heavily on GPU-centric cloud computing for AI, Crusoe stands out with its energy-first model, integrating power sourcing directly with compute deployment to reduce costs and emissions. Against xAI, which emphasizes AI model development alongside infrastructure, Crusoe’s broader focus on general AI workloads and sustainability offers a wider customer base. However, Crusoe faces risks from larger cloud providers with established market share and vast resources, potentially outpacing Crusoe in raw compute capacity or global reach. Its unique advantage lies in stranded energy utilization and renewable integration, positioning it as a niche leader in sustainable AI infrastructure. ### Closing Note Crusoe Energy, with its recent $1.375 billion Series E funding and $10 billion valuation, is on a strong trajectory to lead sustainable AI infrastructure development, leveraging innovative energy solutions for scalable compute growth. *Report generated December 24, 2025*