Oil Producers Stranded Gas Power Generation Strategies

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Stranded Gas to Power, Heated Fluid, and Refrigeration

Oil Producers: Use your stranded gas heat to generate power, hot water, and refrigeration

Producing oil and flaring gas ? Need to use that heat for something for local or Federal regulations ?

We may have the perfect solution.

A. Solid State Power: Using Thermoelectric Devices (or Thermoelectric Generators TEG), we can convert heat into DC power. That is put through a inverter for 3-phase AC power which you can use directly. These energy harvesters take heat and make power, without any moving parts. Up to 12 percent efficiency and up to 800C heat available (higher temperatures = more cost).

B. Hot Water: Using heat exchangers, convert flare gas or hot producer water to a liquid for use of heat, or cooling.

C. Absorption Chillers: Absorption chillers are often exhaust fired using thermal energy recovered from

D. Zeolites: Zeolites give you the option of 24 hour liquid heating for cooking, water sterilization, or small amounts of hot water for heat. They can be recharged using the heat from your flare gas. The primary advantage of using Zeolites is the ability to have long term latent heat storage, which can be used any time of the day. Zeolites need to be stored in airtight and watertight containers. Zeolites can be recharged with the latent heat using any heat source between 130-250

E. Gas Turbine: The most efficient (up to 29 percent) use of your stranded gas is via a Capstone Turbine with power from 65 kW to 1,000 kW modules, that can be stacked together.

F. Bitcoin Mining: The most interesting use of stranded gas to power is for Cryptocurrency mining.

Please email or call us (TEL: 608-238-6001) for more information, consulting, or equipment costs.

IT250 Revenue based on gross sales or savings, not including cost of acquiring waste heat flow or pumps.

Revenue from IT250 (24 hours x 365 days per year x 250 kWh = 2,190,000 kWh per year):

at $.20 per kWh = $438,000 USD per year

at $.40 per kWh = $876,000 USD per year

at $.80 per kWh = $1,752,000 USD per year

IT1000 (1 MW) Revenue based on gross sales or savings, not including cost of acquiring waste heat flow or pumps.

Revenue from IT250 (24 hours x 365 days per year x 1000 kWh = 8,760,000 kWh per year):

at $.20 per kWh = $1,752,000 USD per year

at $.40 per kWh = $3,504,000 USD per year

at $.80 per kWh = $7,008,000 USD per year

Thermoelectric Devices (or Thermoelectric Generators TEG)

Thermoelectric Devices (Thermoelectric Generators TEG)

Solid State Power: Using Thermoelectric Devices (or Thermoelectric Generators TEG), we can convert heat into DC power. That is put through a inverter for 3-phase AC power which you can use directly. These energy harvesters take heat and make power, without any moving parts. Up to 12 percent efficiency and up to 800C heat available (higher temperatures = more cost).

Stranded Gas can regenerate Zeolites for room temperature heat storage

Zeolites

Hot Water: Using heat exchangers, convert flare gas or hot producer water to a liquid for use of heat, or cooling.

Zeolites: Zeolites give you the option of 24 hour liquid heating for cooking, water sterilization, or small amounts of hot water for heat. They can be recharged using the heat from your flare gas. The primary advantage of using Zeolites is the ability to have long term latent heat storage, which can be used any time of the day. Zeolites need to be stored in airtight and watertight containers. Zeolites can be recharged with the latent heat using any heat source between 130 to 250 C.

Stranded Gas can power a MicroTurbine from 65-1,000 kW Modules mounted in Shipping Containers

Use Stranded Gas in a One Moving Part Microturbine for 3-Phase Power

Gas MicroTurbine: The most efficient (up to 29 percent) use of your stranded gas is via a MicroTurbine with power from 65 kW to 1,000 kW modules, which can be stacked together.

Stranded Gas can power a Microturbine Generator to produce power for Bitcoin Cryptocurrency Miners

Oil Producers: Use your stranded gas heat to generate power for Cryptocurrency Bitcoin Miners

How Stranded Gas Can Be Used as a Power Source for Bitcoin Mining with Capstone Microturbines

The ever-increasing demand for efficient and sustainable power sources in the Bitcoin mining industry has led to the exploration of unconventional energy sources. One promising approach is using stranded natural gas as a power source, particularly with Capstone microturbines, which offer a highly efficient, low-emission solution. In this article, we'll explore how this concept can revolutionize Bitcoin mining by transforming an otherwise wasted resource into a productive asset.

What Is Stranded Gas?

Stranded gas refers to natural gas that is found in remote locations, where it is economically unfeasible to transport it to market due to a lack of nearby infrastructure, such as pipelines. This gas is often burned off in a process known as flaring, which is both wasteful and environmentally damaging, releasing significant greenhouse gases into the atmosphere.

Challenges of Stranded Gas Utilization

The main challenge of utilizing stranded gas is the lack of economically viable infrastructure to transport and sell it. This leads to a situation where a valuable resource goes to waste, while also contributing to environmental pollution through venting or flaring. Traditional methods of developing infrastructure are usually too costly, especially for smaller, remote gas deposits. This is where the innovative approach of using Capstone microturbines for Bitcoin mining offers a solution.

Bitcoin Mining: Turning Waste into Value

Bitcoin mining requires a substantial and consistent power supply, which has led miners to seek new, affordable, and environmentally friendly energy sources. Stranded natural gas presents a unique opportunity: it is often cheap, readily available at well sites, and otherwise wasted. Instead of flaring this gas, it can be harnessed to power Bitcoin mining operations—turning a liability into an economic benefit.

How Capstone Microturbines Can Be Used for Bitcoin Mining

Capstone microturbines are well-suited for converting stranded gas into power for Bitcoin mining for several key reasons:

1. High Efficiency and Versatility

Capstone microturbines are compact, modular, and highly efficient, capable of converting natural gas directly into electricity. They can handle a wide range of fuel types, including low-quality gas, making them an excellent choice for stranded gas, which may not meet the standards required by traditional gas turbines.

2. Scalability

One of the most significant advantages of Capstone microturbines is their scalability. Bitcoin mining operations can vary significantly in size, and Capstone microturbines are available in capacities ranging from 30 kW to 1 MW. This makes it possible to design a power system that matches the requirements of any mining operation, regardless of scale.

3. Low Emissions

Environmental sustainability is an important consideration, and Capstone microturbines offer ultra-low emission performance, thanks to their patented air bearing and combustion technology. When using stranded gas, which would otherwise be flared, Capstone microturbines can reduce greenhouse gas emissions while generating electricity, helping to mitigate the negative environmental impacts.

4. Remote Operations and Reliability

Bitcoin mining is often set up in remote areas, close to the stranded gas supply. Capstone microturbines are ideal for such environments, as they require minimal maintenance, offer high reliability, and can operate without a need for lubricants or coolants, simplifying logistics and reducing operational costs.

A Step-by-Step Look at the Process

Here's how stranded gas can be effectively used to power Bitcoin mining through Capstone microturbines:

1. Gas Collection and Conditioning: Stranded gas is collected at the wellhead. It may need conditioning to remove impurities, depending on the quality of the gas.

2. Microturbine Generation: The conditioned gas is fed into Capstone microturbines, which generate electricity. Capstone's unique design allows it to efficiently convert natural gas to electrical power while minimizing emissions.

3. Power Supply for Mining Operations: The electricity generated is then fed directly into Bitcoin mining rigs, powering the high-performance processors required for blockchain computation.

4. Heat Recovery for Enhanced Efficiency: Capstone microturbines also have the option of incorporating heat recovery systems. Waste heat from the microturbine can be used for additional energy needs, such as space heating or water heating for nearby facilities, further improving the overall efficiency of the system.

Economic and Environmental Benefits

1. Reduced Flaring

By utilizing stranded gas that would otherwise be flared, Bitcoin mining operations can significantly reduce greenhouse gas emissions. Flaring is not only wasteful but also harmful to the environment. Converting this gas into electricity for Bitcoin mining helps mitigate these negative impacts.

2. Lower Energy Costs

Stranded gas is typically a low-cost fuel source, as it has little or no market value in its remote location. Using this gas to generate electricity through Capstone microturbines provides an inexpensive power supply, reducing the operational costs of Bitcoin mining—a critical consideration given the energy-intensive nature of the process.

3. Economic Opportunity for Producers

For oil and gas producers, utilizing stranded gas for Bitcoin mining provides an opportunity to monetize what would otherwise be a wasted resource. By partnering with Bitcoin miners, producers can turn an environmental and financial liability into a source of revenue, creating a win-win scenario.

Case Studies and Real-World Applications

Several companies have already begun implementing this concept. Bitcoin mining firms have partnered with oil and gas producers to set up microturbine-powered mining facilities at well sites, using otherwise wasted gas to produce value. This model not only provides miners with a low-cost power source but also offers producers an additional revenue stream while addressing regulatory pressure to reduce flaring.

Challenges and Considerations

While using stranded gas for Bitcoin mining presents many benefits, there are some challenges to consider:

• Regulatory Compliance: The regulatory landscape for stranded gas and cryptocurrency mining can vary significantly between regions. It is essential to ensure that all operations comply with local laws regarding gas usage, emissions, and cryptocurrency mining.

• Logistics and Setup Costs: Setting up the necessary infrastructure to collect and condition stranded gas, install microturbines, and set up Bitcoin mining rigs can involve substantial initial investment. However, the long-term cost savings and revenue potential can offset these expenses.

• Gas Supply Variability: The volume of stranded gas available can vary over time, depending on well production rates. This variability may impact the power supply for mining operations, requiring flexible and scalable solutions.

Conclusion

Capstone microturbines offer an innovative solution for using stranded gas as a power source for Bitcoin mining, turning an environmental and economic challenge into an opportunity. By efficiently converting this otherwise wasted gas into electricity, miners can significantly reduce operational costs, and producers can generate revenue while reducing emissions. This synergy between stranded gas and Bitcoin mining holds the potential to transform the industry and make cryptocurrency mining more sustainable.

As the demand for Bitcoin continues to grow, and as regulations around flaring become more stringent, the use of stranded gas with Capstone microturbines represents a forward-thinking approach to powering the blockchain revolution—one that benefits both industry and the environment.