Designs, builds, and operates climate-aligned computing solutions for high-performance and AI workloads
With its roots in the development of edge data centers using flared natural gas for bitcoin mining, Crusoe’s vertically integrated platform leverages wasted, stranded, and clean energy sources to power both cost-effective and environmentally responsible computing.
The rapid adoption of AI and continued growth of cloud computing is placing immense, unprecedented stress on the electric grid -increasing costs, accelerating instability and pushing interconnection queues out by several years. Data center power consumption is projected to increase 160% by 2030, and it is expected that 47GW of new generation will be required to support data center growth in the US alone.
Access to power is quickly becoming the bottleneck for AI. Crusoe’s journey—which began deploying modular data centers powered by flared natural gas—quickly put them at the center of AI compute and energy demand. Today, Crusoe is leveraging its power and data center expertise to develop a 12GW+ pipeline of stranded or underutilized energy assets, enabling new, state-of-the-art data centers for the world’s leading technology companies.
Details
Anup Jacob
Managing Partner
Anup has been investing for over 20 years in energy, water, and industrial technology businesses.
Prior to co-founding Activate, Anup was a founder and partner at Mubadala Capital, an Abu Dhabi sovereign wealth fund; a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments; a Co-founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group; and a Partner at TPG-Aqua where he focused on investments in the water sector.
Anup is on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners, and is a Founding Member of the Advisory Board of the Energy Policy Institute (EPIC) at the University of Chicago.
Anup holds a degree in Economics, with honors, from the University of Chicago.
Emma Bell
Vice President
Emma is a Vice President at Activate, where she focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. She is a Board Observer at portfolio companies Tomorrow.io and PosiGen.
Prior to joining Activate, Emma was a Vice President at Sidewalk Infrastructure Partners (SIP), where she worked closely with portfolio companies and evaluated new technology-enabled infrastructure investments across the energy, mobility and circular economy sectors. Prior to joining SIP, Emma was an Investment Associate on JP Morgan’s Renewable Energy Investments team. Emma began her career at JP Morgan as an Investment Banking Analyst in their New York office.
Emma holds a degree in Operations Research Engineering and a minor in Applied Economics and Management from Cornell University. In her free time, Emma enjoys the outdoors, reading books on modern sociology and spending time with family in Chicago.
Highlights
natural gas flaring avoided
GHG emissions reduced