Reformed Energy, a waste-to-energy company, has secured an investment of an undisclosed amount from Riot Platforms to bring the company’s plasma gasification technology to full commercialization.
According to the National Institute of Health, plasma gasification technology is “a high-temperature decomposition of waste that converts the input feedstock into a valuable combustible gas called synthesis gas… using the thermal energy of the plasma.”
Reformed Energy’s closed plasma gasification system processes solid and liquid waste streams – effectively preventing over 99% of the methane emissions and pollutants that occur with traditional waste disposal methods.
The system will also help reduce the physical volume of waste by about 90% - meaning the technology can clean up existing landfills and reduce incoming waste streams.
Through this process, Reformed Energy creates a versatile synthesis gas that can be utilized downstream for sustainable power generation and synthetic fuel production.
In addition, the self-contained system does not require grid interconnection and generates carbon-neutral power while actively reducing existing methane emissions.
Riot Platforms’ investment will provide Reformed Energy with the capital to begin developing its pilot site, where municipal solid waste (MSW) will serve as the primary waste stream for generating sustainable power for its initial operations.
In addition to MSW, Reformed Energy plans to incorporate tires, wood waste, industrial sludges, and other waste streams into its waste-to-energy processes.
Once the pilot site development is completed, it will be utilized as a training and demonstration center. Once the pilot achieves operational scale, subsequent sites will be considered for development.
"This investment will be a key driver of our initial growth plan," said Edward Evenson, CEO of Reformed Energy, "We are confident that our technology offers a sustainable means to reduce waste at landfill sites while generating a synthesis gas with versatile applications, such as producing low-cost power for data centers and synthetic fuels."
