Crusoe 2024 Impact Report
By Hui Wen Chan, Senior Director of ESG at Crusoe
Crusoe was founded on the principle that how we source energy for advanced computing matters.
Now, seven years into our journey, our commitment to innovation at the intersection of energy and AI is stronger than ever. As the demand for AI skyrockets, placing unprecedented strain on resources, Crusoe is stepping up to meet the challenge and redefining the path forward.
Our 2024 Impact Report details a year of progress and achievements, including the development of our groundbreaking Abilene AI data center, and an unwavering dedication to building a sustainable future for computing.
An Energy-First Evolution: From Digital Flare Mitigation® to AI Factories
Our journey as a company began with a simple idea — that wasted and underutilized energy resources should be harnessed and repurposed to power the world’s growing computational demand. We did this by transforming wasted natural gas resources in the oil fields into valuable compute via Crusoe’s first energy solution: Digital Flare Mitigation®.
In 2024, our DFM® technology converted over 10.4 billion cubic feet of flare gas into approximately 1.3 TWh of electricity.
In doing so, we were able to supply 87% of our total electricity needs during the year using a previously wasted energy source.
By reducing natural gas flaring, we were also able to avoid over 1.3 million metric tons of CO2-equivalent (mtCO2e) greenhouse gas emissions, equivalent to removing over 300,000 cars from the road for a year.
Cumulatively, since 2018, our DFM® technology has avoided over 21 billion cubic feet of natural gas flaring and ~2.7 million mtCO2e of emissions. We are proud of the environmental impacts that we have achieved through this innovative energy solution and look forward to seeing NYDIG grow this business once we have completed the divestment of our bitcoin mining operations, including our DFM® business.
Today, Crusoe is a vertically integrated AI infrastructure company. We develop and build hyperscale GPU data centers near abundant, often curtailed, clean energy sources and power Crusoe® Cloud, our AI cloud platform, with 100% renewable energy. Our vertical integration, including in-house manufacturing via Crusoe Industries, enables us to build "AI factories" at a record-breaking pace, approximately halving previous greenfield construction timelines for hyperscale data centers.
Building the Future, Responsibly: Our Environmental Commitment
The AI energy paradox is real: exponentially growing computational needs that require immense amounts of energy versus critical climate goals. But these concepts don’t need to be in competition. Crusoe addresses this by designing AI infrastructure from the ground up with an energy-first, climate-aligned mission.
Our flagship 1.2 gigawatt AI data center campus in Abilene, Texas, broke ground in June 2024. Selected for its proximity to abundant wind energy, it features cutting-edge design for efficiency:
Innovative Cooling: Direct-to-chip liquid cooling and a zero-water evaporation, closed-loop system dramatically reduce water consumption.
Low PUE by Design: Our data centers target a Power Usage Effectiveness (PUE) of 1.2 to 1.3, significantly below the industry average of 1.8.
Cleaner Backup Power: We’re utilizing natural gas turbines, a cleaner alternative to traditional diesel, for backup power.
Beyond current projects, we are actively investing in and cultivating emerging clean energy technologies like carbon capture (CCUS), small modular nuclear reactors (SMRs), and advanced battery storage (BESS) to further decarbonize computing.
Empowering People, Strengthening Communities
Crusoe’s impact extends far beyond kilowatts and compute. We are committed to fostering a thriving corporate culture and making lasting positive contributions to the communities where we operate.
Economic Engine: The Abilene data center project is expected to create approximately 5,000 construction jobs and generate over $1 billion in economic impact for the city over 20 years.
Investing in Our Team: In 2024, we doubled our employee base to nearly 600 professionals globally, opened our European HQ in Dublin, and dedicated over 3,600 hours to employee training and upskilling. Our commitment to safety is reflected in our Total Recordable Injury Rate (TRIR) of 0.62.
Fostering Inclusion: We champion diversity, with initiatives like requiring diverse candidate slates for Director-level roles and partnering with organizations like Girls Who Code and the Colorado Neurodiversity Chamber of Commerce.
Community Engagement: From supporting local organizations in Roosevelt, Utah, to participating in revitalization efforts in San Francisco and Denver, Crusoe is dedicated to being a good neighbor.
Principled Governance for a Sustainable Future
Our ambitious goals are underpinned by robust governance and strategic collaboration. In 2024, we achieved SOC 2 Type II compliance and joined influential groups like iMasons and the iMasons Climate Accord to promote sustainability across the digital infrastructure industry. Our executive-level Sustainability Council and Board provide diligent oversight, ensuring our projects align with our climate-focused mission. We continue to foster partnerships, like our work with the World Economic Forum and sponsorship of the AI for Clean Energy Hackathon, to drive innovation and tackle global challenges collaboratively.
Dive Deeper into Our Impact
What started with capturing waste methane has evolved into a comprehensive strategy to power the AI revolution efficiently and sustainably. Our 2024 achievements are just one chapter in our ongoing story. We are energized by the path ahead and remain steadfast in our mission to ensure that the future of intelligence is built on a foundation of clean, abundant energy.
This is just a snapshot. We invite you to explore the full breadth and depth of our efforts in Crusoe’s 2024 Impact Report. Discover the data, stories, and strategies that define our commitment to powering a better future.
