Crusoe Energy — AI Cloud Data Centers (US)

Crusoe Energy Systems operates a distributed network of AI cloud data centers that differentiates itself by powering GPU clusters with gas that would otherwise be flared at oil production sites. Founded in 2018, the Denver-based company initially focused on “flare mitigation” — converting methane that oil producers typically burn off into useful electricity for on-site compute.

The company has expanded beyond flare mitigation to operate dedicated AI cloud infrastructure in data center facilities, primarily in the Rocky Mountain region and oil-producing states. Crusoe’s GPU cloud targets AI training workloads and is positioned as lower-carbon than average grid electricity due to the avoided methane flaring.

Crusoe attracted major investment from Founders Fund, Lowercarbon Capital, and Bain Capital Ventures, and in 2024 began executing a large NVIDIA GPU deployment to scale up AI cloud capacity. The company’s approach to sustainable AI compute has attracted research institutions and AI companies seeking to reduce the carbon footprint of model training. Crusoe’s distributed model means individual facilities are smaller than hyperscale campuses but the aggregate footprint is growing rapidly across Colorado, Montana, Wyoming, and North Dakota.