Unblock

Unblock

Verified
Technology to help oil companies reduce their environmental impact by reducing or eliminating flaring. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$95—142m (Dealroom.co estimates Jan 2024.)
San Francisco California (HQ)
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DateInvestorsAmountRound
N/ASeed
*
$15.0mEarly VC
$23.7mEarly VC
Total Funding$38.7m

Recent News about Unblock

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Unblock.global is a pioneering startup that operates in the energy sector, specifically focusing on mitigating the environmental impact of oil and gas operations. The company's primary service is Digital Flare Mitigation®, a technology that eliminates flaring, a process where excess gas from oil and gas operations is burned off, by co-locating high energy intensive computing applications with the gas that would otherwise be wasted. This not only reduces harmful emissions but also provides a practical use for the gas, thus promoting responsible operation and helping companies avoid potential fines.

Unblock's business model is centered around partnering with oil companies and providing them with the necessary technology to reduce their environmental footprint. The company has partnered with Crusoe Energy Systems, a US-based firm, to generate energy from vented gas to power high-performance computing applications, including cryptocurrency mining. This innovative approach not only reduces waste but also creates a new revenue stream for these companies.

The company's market primarily consists of oil and gas companies operating in Latin America, with its first project launched in Argentina's Vaca Muerta oilfield. Unblock's services are particularly beneficial for these companies as they face increasing regulatory pressure to reduce their environmental impact and the associated risks of fines and sanctions.

In summary, Unblock.global is a forward-thinking startup that leverages technology to reduce the environmental impact of oil and gas operations while simultaneously creating new revenue opportunities. Its unique business model and strategic partnerships position it well for growth in the evolving energy sector.

Keywords: Digital Flare Mitigation®, Environmental Impact, Oil and Gas Industry, High-Performance Computing, Cryptocurrency Mining, Regulatory Compliance, Latin America, Crusoe Energy Systems, Vaca Muerta Oilfield, Technology Partnership.