What Nodal Power Systems does

Nodal Power Systems is a privately held, Delaware-incorporated power generation and data center infrastructure company headquartered at 222 South Main Street, Suite 500, Salt Lake City, Utah. The company develops, owns, and operates dispatchable generation projects in conjunction with co-located data center infrastructure, organized around three primary product areas: landfill gas-to-energy projects (~16–21 MW across seven sites in California and Colorado, with commercial operation dates targeted from Q4 2026 through 2027), natural gas generation projects (~335 MW across three sites in Utah, Wyoming, and Colorado, targeting early 2029), and "Energy Center Campuses" that pair on-site generation with co-located data center capacity under ground leases, build-to-suit, joint development, and direct offtake structures. The company also operates microgrid systems and is publicly planning expansion into solar, battery storage, gas storage, and transmission.

The underlying technology is a patented integrated architecture that combines generator sets, battery storage, and machine-learning-based controllers to dynamically allocate power between on-site fuel sources, co-located compute loads, and the grid, with four issued U.S. patents and one pending application. Nodal monetizes through multiple revenue streams: electricity and capacity sales to regulated utilities and grid operators (marketed through Constellation Energy's origination group), data center co-location and energy center campus services, environmental attribute sales (LCFS credits via Bridge to Renewables), and ground leases / build-to-suit arrangements. Customers and partners include Constellation Energy (offtake), Tenaska Power Services (scheduling), Marathon Digital Holdings (completed 280 kW Wasatch pilot, divested), Mainspring Energy and Caterpillar (technology integration). Total disclosed funding is approximately $39.8 million across SAFE agreements, a 2023 seed, and a 2025 Series A, and the company was incorporated in 2021 on the operational foundation of Teho Inc. (founded 2017).

Name

Nodal Power Systems

Legal name

Nodal Power Systems, Inc.

Website

https://nodalpowersystems.com

Company type

Private

Founded year

2021

Operating status

Operating

Short description

Nodal Power Systems develops, owns, and operates dispatchable power generation projects co-located with data center infrastructure, primarily landfill gas-to-energy and natural gas plants in the western U.S., serving utilities, hyperscalers/AI compute providers, and reshoring industrial customers.

Ownership category

akta.pro rank

Product category

Dispatchable Power Generation Infrastructure

NAICS

Electric Power Generation (22111), Biomass Electric Power Generation (221117), Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Refuse-Derived Fuel (RDF/SRF) Power Generation (EUACAIAB)

akta.pro secondary industries

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Backup & Resilience Power Systems (Standby Generators, Critical Facilities) (EUACALAG)

Keywords

• Landfill gas power generation
• Dispatchable power infrastructure
• Data center energy supply
• Biogas electricity generation
• Behind-the-meter power

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel

Revenue model

1. Electricity and Capacity Sales: Projects sell electricity and capacity to regulated utilities and regional grid operators, supporting reliability as legacy generation retires. Pipeline projects are positioned in markets where capacity is most valuable, with Constellation Energy handling power marketing and offtake in the western U.S.
2. Data Center Co-location and Energy Center Campus: Co-located data center infrastructure at select project sites where Nodal supplies power and a customer or partner operates IT infrastructure. Forward revenue model includes leasing adjacent property and developing co-located data center infrastructure. Direct offtake agreements with data center operators and large industrial customers.
3. Environmental Attribute Sales: Sale of environmental attributes including Low Carbon Fuel Standard credits and similar credits from biogas projects, through an executed term sheet with Bridge to Renewables.
4. Ground Leases and Build-to-Suit Arrangements: Leasing land adjacent to generation projects to data center developers or AI compute providers, and developing purpose-built energy center campuses to partner specifications.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Nodal Power Systems develops, owns, and operates dispatchable power generation projects in conjunction with on-site data center infrastructure, converting landfill gas and natural gas into electricity supplied to utilities, hyperscalers, and AI compute providers. Its platform combines generator sets, battery storage, and machine-learning-based controllers to dynamically balance on-site fuel sources, co-located compute loads, and the grid, with current focus on landfill gas-to-energy (~16–21 MW across seven California and Colorado projects) and natural gas generation (~335 MW across three projects in Utah, Wyoming, and Colorado).

Product overview

Nodal Power Systems is a power generation and data center infrastructure company that develops, owns, and operates power generation projects in conjunction with related energy and data center infrastructure. The company's core offerings include Landfill Gas-to-Energy projects (~16–21 MW from seven projects in CA and CO), Natural Gas Generation (~335 MW from three projects in UT, WY, and CO), and Energy Center Campuses (co-located data center infrastructure with power supply arrangements). The company's intellectual property portfolio includes four issued U.S. patents protecting the integration of dispatchable power generation with on-site fuel sources and co-located data centers. Currently developing Microgrid Projects, with planned expansion into Solar, Battery Storage, Gas Storage, and Transmission.

Differentiator

Problem solved

Functional benefit

Products and services

• Landfill Gas-to-Energy Conversion of methane emissions from landfills into clean, dispatchable electricity. Seven projects in California and Colorado with combined capacity of approximately 16–21 MW, targeting commercial operation from Q4 2026 through Q4 2027. Customers include regulated utilities, regional grid operators, and on-site data center operators.
• Natural Gas Generation Reliable, dispatchable natural gas generation supporting grid stability and large industrial loads. Three projects in Utah, Wyoming, and Colorado with combined capacity of approximately 335 MW, targeting commercial operation in early 2029. Customers include regulated utilities, grid operators, and reshored U.S. industrial manufacturers.
• Energy Center Campuses Co-located data center infrastructure at select project sites where Nodal Power Systems supplies dispatchable power and a customer or partner operates the IT infrastructure. Delivered through ground leases, build-to-suit arrangements, joint development, and direct offtake agreements with data center developers, hyperscalers, and AI compute providers.

Quantifiable outcome

• Approximately 92% uptime achieved at Wasatch project pilot with Marathon Digital Holdings
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Marathon Digital Holdings (NASDAQ: MARA)coreStrategic or Co-development Partner · 2 November 2023Pilot program with Marathon Digital Holdings to launch a 280 kW Bitcoin mining pilot project in Utah exclusively powered by landfill methane gas. The pilot achieved approximately 92% uptime and validated the economic viability of digital asset compute using landfill gas as a power source. Nodal and Marathon co-authored a learnings report published in June 2024.
• Constellation EnergycoreGTM or Marketing Partner · 1 January 2021Longstanding marketing and offtake relationship in the western U.S., where Constellation Energy's origination group works with Nodal Power Systems on power marketing and offtake structures for sales to regulated utilities and regional grid operators.
• Tenaska Power ServicescoreStrategic or Co-development Partner · 1 January 2021Preferred scheduling coordinator for Nodal Power Systems projects, providing power marketing, energy management, and settlement services across U.S. energy markets. Supports dispatch and optimization of generation assets.
• Bridge to RenewablessupportingGTM or Marketing PartnerExecuted term sheet covering the sale of certain environmental attributes (Low Carbon Fuel Standard credits and similar) from Nodal's biogas projects, providing a revenue stream from environmental credit monetization.
• Mainspring EnergysupportingTechnology or IntegrationTechnology integration partner. Mainspring Energy's linear generator technology supports Nodal Power Systems' low-emission, dispatchable generation strategy as part of the multi-resource platform.
• CaterpillarsupportingTechnology or IntegrationTechnology partner. Caterpillar generator sets power Nodal Power Systems' landfill gas-to-energy projects. CAT's G3500 series engines are purpose-built for biogas applications, providing reliable generation equipment.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Vesper Energy: Vesper is a utility-scale solar IPP with project development, financing, and operations capability — comparable as a broader-incumbent full-lifecycle developer in the contracted-generation space Nodal is targeting.
• Generate Capital: Generate is a large distributed infrastructure and sustainable-resource IPP/financier across generation, storage, and microgrids — a broad incumbent whose behind-the-meter platform overlaps with Nodal's multi-resource IPP model.
• DigitalBridge: DigitalBridge is a large digital-infrastructure investment firm focused on data centers, towers, and fiber — a broad incumbent that competes with Nodal in the data center co-location / energy center campus value proposition.
• Bloom Energy: Bloom deploys distributed solid-oxide fuel cell generation for on-site, dispatchable power at commercial and data-center customers — directly competing for the same behind-the-meter AI/data center demand Nodal targets.
• Clearway Energy: Clearway is a large publicly traded renewable and conventional IPP with utility-scale generation and capacity offtake contracts — a broader incumbent comparable in business model (full-lifecycle IPP, contracted offtake) though at much greater scale and across different fuels.

Direct peers

• Crusoe Energy: Crusoe builds modular data centers and power generation that monetize stranded/wasted energy (historically flared natural gas) for digital-asset compute, directly mirroring Nodal's behind-the-meter generation plus co-located compute thesis.
• Soluna Holdings: Soluna develops renewable-powered data centers (wind, solar, hydro) that co-locate compute with generation to serve AI/HPC and digital-asset customers — the same generation-plus-data-center architecture Nodal patents protect.
• Mainspring Energy: Mainspring manufactures linear generators for distributed, low-emission, dispatchable power — the same product category Nodal integrates via its Mainspring partnership, and a comparable distributed generation peer.
• Enchanted Rock: Enchanted Rock designs, builds, and operates natural gas microgrids for behind-the-meter resilience and demand response for commercial/industrial customers, directly comparable to Nodal's microgrid product line.

Others

• Marathon Digital Holdings: Marathon is a public Bitcoin mining operator and Nodal's pilot customer at the Wasatch project; included as an adjacent customer/distribution channel rather than a direct competitor in power generation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nodal-power-systems

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nodal Power Systems