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Stage

Incubator/Accelerator | Alive

About Anax Power

Anax Power generates clean energy from natural gas. The company uses natural gas without combustion. It is based in Wharton, New Jersey.

Headquarters Location

1 Harry Shupe Boulevard

Wharton, New Jersey, 07885,

United States

+1 (201) 401-8603

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Anax Power Patents

Anax Power has filed 1 patent.

The 3 most popular patent topics include:

  • ac power
  • electric power conversion
  • electrical engineering
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/24/2019

Electric power conversion, Energy conversion, Electrical engineering, AC power, Electrical generators

Application

Application Date

10/24/2019

Grant Date

Title

Related Topics

Electric power conversion, Energy conversion, Electrical engineering, AC power, Electrical generators

Status

Application

Latest Anax Power News

Magellan Scientific And Anax Power Sign Multi-Year, $12M Partnership To Mine Bitcoin Using The 500kW Anax Turboexpanders

Dec 14, 2021

AKRON, OHIO--(BUSINESS WIRE)-- Magellan Scientific, LLC (“Magellan” or the “Company”) announces the execution of a long-term exclusive agreement with Anax Power (“Anax”) to use Anax’s proprietary technology to generate zero-emission electricity from natural gas flows to power Magellan’s distributed data centers using 500kW Anax Turboexpanders (“ATE”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211213005969/en/ Magellan and Anax are actively working to lower the carbon intensity of digital asset mining. Under the exclusive agreement, Magellan and Anax will jointly develop projects utilizing Anax’s technology to power distributed data centers for digital asset (e.g. Bitcoin) mining applications. These projects will help Midstream Companies, Interstate Pipeline Companies, Utilities and Local Distribution Companies (“LDC”s) accelerate their net-zero goals. The ATE uses waste energy to generate carbon-free power from the pressure letdown process in natural gas transmission pipelines which will be used in Magellan’s off-grid distributed data centers. "We are thrilled to partner with Magellan to power the bitcoin network. We believe in the long-term growth of the crypto ecosystem, and Anax wants to play a role in helping the industry grow in a sustainable way. Pairing the ATE with Magellan’s bitcoin mining data centers provides a practical approach to monetize the ATE’s clean, distributed power,” said Joe Longo, Anax’s CEO. Brent Breon, VP of Power and Power Systems of Magellan Scientific, LLC stated, “Our strategic partnership with Anax adds to our already existing 100MW of power capacity for our U.S. based Bitcoin mining operations. There are thousands of locations across North America that can utilize this carbon-free power generation technology.” Magellan Scientific is a digital asset technology company and operator of decentralized, off-grid data centers. Magellan focuses on off-grid, decentralized digital asset production in North America. The Company’s operations support the expanding digital asset infrastructure and advanced computing systems within North America. Magellan has 100MW of power capacity directed to high-performance computing applications. Anax Power is a New Jersey-based clean energy technology company that builds, markets, and develops projects around the 500kW Anax Turboexpander. Anax is headquartered in Wharton, New Jersey, one of the state’s economic opportunity zones. View source version on businesswire.com: https://www.businesswire.com/news/home/20211213005969/en/ Copyright Business Wire 2021

Anax Power Frequently Asked Questions (FAQ)

  • Where is Anax Power's headquarters?

    Anax Power's headquarters is located at 1 Harry Shupe Boulevard, Wharton.

  • What is Anax Power's latest funding round?

    Anax Power's latest funding round is Incubator/Accelerator.

  • Who are the investors of Anax Power?

    Investors of Anax Power include Plug and Play Accelerator.

  • Who are Anax Power's competitors?

    Competitors of Anax Power include Sapphire Technologies and 1 more.

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