Waste-to-energy firm Reformed Energy secures investment from Riot Platforms
In Texas, Reformed Energy announced today that it has secured a strategic investment from Riot Platforms to bring its plasma gasification technology to full commercialization. By processing solid and liquid waste streams in its closed plasma gasification system, Reformed Energy said it can effectively prevent over 99% of the methane emissions and pollution that occurs with traditional waste disposal methods while reducing the physical volume of waste by about 90%. This process yields a versatile synthesis gas that can be utilized downstream for sustainable power generation and synthetic fuel production. This investment provides Reformed Energy with the capital to begin the development of its pilot site, where municipal solid waste 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, among other waste streams into its waste-to-energy processes. Upon the successful completion of the pilot site development, the site will serve as a training and demonstration center for parties seeking to leverage Reformed Energy’s technology, the company said. “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.”
