DENVER--(BUSINESS WIRE)--Crusoe Energy Systems Inc. (Crusoe) today announced that with an investment from Oman Investment Authority (OIA) and Mubadala Investment Company (Mubadala), the company is expanding its Digital Flare Mitigation® technology to the Middle East to help reduce flaring in the region. “Flaring is a global problem with a global impact,” said Chase Lochmiller, CEO and co-founder of Crusoe Energy Systems. “We’re excited to expand our Digital Flare Mitigation technology to the Middle East to help solve the region’s long-standing flaring challenges, while also empowering a new generation of digital technology in the region. This funding propels the expansion of Digital Flare Mitigation® internationally and accelerates the launch of CrusoeCloud™, the company’s High-Performance Computing (HPC) cloud offering powered by carbon-reducing energy sources. About Oman Investment AuthorityOman Investment Authority (OIA) is Oman’s sovereign wealth fund, and it is entrusted with managing, investing, and developing the Sultanate’s national and international assets.

Source: The North Africa Journal June 03, 2022 15:20 UTC