Lancium is a distributed computing and data center technology company. It provides software and technical solutions that enable the faster decarbonization of the electrical grid. Smart Response allows data centers to resolve congestions and provide critical ancillary services back to the grid. Lancium is building a series of data centers across Texas. By acting as Controllable Load Resources, the net effect on the electrical system is carbon negative.
Research containing Lancium
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Lancium in 1 CB Insights research brief, most recently on Apr 5, 2022.
Lancium has filed 49 patents.
Hydroponics, Sustainable agriculture, Horticulture and gardening, Agriculture, Organic farming
Hydroponics, Sustainable agriculture, Horticulture and gardening, Agriculture, Organic farming
Latest Lancium News
May 19, 2023
To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=f8f4d52e-0606-41fe-865a-d4569d01c361" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> With the rise of Bitcoin and other cryptocurrencies, a large number of “miners” use extremely large (and expensive) amounts of power to “mint” new “coins” for these cryptocurrencies. This “minting” process often involves advanced computers running complex and power-intensive mathematical operations. Recent estimates by the government put total global electricity usage for crypto-assets between 120 and 240 billion kilowatt-hours per year, a range exceeding the total annual electricity usage of many nations. Around 38% of Bitcoin activity takes place in the United States, where crypto mining data centers use as much electricity as traditional data centers. Recognizing that crypto mining is big business with big numbers behind it, patent owner Lancium, LLC has been targeting these miners. In 2020, it filed a patent infringement lawsuit against Layer1 Technologies, Inc., Case No. 6:20-cv-00739 (W.D. Tex.). And now, more recently on May 10, 2023, it filed suit against U.S. Data Mining Group and related entities (“USBTC”), also in the Western District of Texas, Waco Division. In this recent suit, Lancium asserts seven different U.S. patents. Lancium alleges that USBTC uses “Lancium’s patented systems, methods, and non-transitory computer readable medium in connection with its Bitcoin and/or other cryptocurrency mining operations” in the Western District. Lancium asserts that it was founded to “create solutions to enable more renewable energy on the nation’s power grid” to provide greater variability and volatility of electricity. Lancium claims it conceived of “an entirely new and revolutionary type of data center that could essentially be turned off or turned down during economically opportune time periods.” Conversely, the data center can be turned up during periods of cheap energy, which according to Lancium can sometimes be “negatively-priced.” Flexible datacenters like these are useful for cryptocurrency mining. Lancium pleads, on information and belief, that USBTC’s four U.S. datacenters access over 730 MW of electricity. According to Lancium, USBTC has claimed that its datacenters are able to ramp up and ramp down depending on the available supply of renewable energy. Lancium seeks an injunction prohibiting future infringement, damages, and enhanced damages for USBTC’s willful infringement. Perhaps influenced by the reputation of the Western District of Texas as plaintiff friendly ( West Texas plaintiff-friendly patent decisions keep coming ; A race between West Texas and Delaware for the patent venue of choice ; and Western District of Texas finally spurred to action to address Waco division patent dominance ), on May 16, 2023, another potential Lancium target, OBM, Inc., filed a declaratory judgment suit against Lancium in Houston, in the Southern District of Texas. In this suit, OBM seeks a declaration that it does not infringe one of the seven patents asserted by Lancium in the Waco case involving USBTC. Here, OBM alleges that the Electric Reliability Council of Texas (ERCOT) in Texas established standards for regulating the electric grid in Texas. OBM further alleges that the patent-in-suit was filed to cover ERCOT’s energy curtailment program (referred to as “CLR”) and has been asserting infringement against data miners attempting to qualify under CLR (such as USBDT), as well as software companies (such as OBM) attempting to assist them in doing so. It remains to be seen whether these cases will be heavily litigated or quickly settle. But with increases in renewable energy and the large power consumption habits associated with cryptocurrency mining, it won’t be surprising to see more of these suits filed. The pending cases are Lancium LLC, v. US. Data Mining Group, Inc. (d/b/a US Bitcoin), et al., Case No. 6-23-cv-00344 (W.D. Tex.) and OBM, Inc. v. Lancium LLC, Case No. 4-23-cv-01798 (S.D. Tex. ).
Lancium Frequently Asked Questions (FAQ)
When was Lancium founded?
Lancium was founded in 2017.
Where is Lancium's headquarters?
Lancium's headquarters is located at 6006 Thomas Rd., Houston.
What is Lancium's latest funding round?
Lancium's latest funding round is Unattributed.
How much did Lancium raise?
Lancium raised a total of $150M.
Who are the investors of Lancium?
Investors of Lancium include SBI Group and Hanwha Solutions.
Who are Lancium's competitors?
Competitors of Lancium include Pratexo and 4 more.
Compare Lancium to Competitors
E21 LLC aims to provide Mid-Atlantic businesses with on-site power generation services, allowing companies to take advantage of renewable energy's predictable cost. E21 aims to provide a turn-key solution, with the customer able to acquire an on-site system with no capital costs.
EkkoSense is a provider of AI and VR-driven thermal optimization for critical live environments. It continuously monitors, plans, and optimizes data center performance. It was founded in 2013 and is based in Nottingham, United Kingdom.
Vortex Hydro Energy is a company that received a STTR Phase I grant for a project entitled: Havesting Hydrokinetic Energy Using Vortex Induced Vibration and Fish Biomimetics. Their project will transition an innovative 1-5 kW energy generating system from the University of Michigan (UM) Marine Renewable Energy Laboratory (MRELab) towards the commercial market place. The system is based on a system of cylinders that are made to oscillate by water currents at velocities as low as 1-2 knots (water turbines require 5-7 knots). It is through this mechanism that the converter harvests the hydrokinetic energy. This project, if successful, will yield a new means of harvesting energy from low velocity currents. Additionally, this system is believed to have fewer impacts on aquatic wildlife than turbine based systems.
Garbrook Knowledge Resources is a company that received a SBIR Phase I grant for a project entitled: Targeted Information Products Built from a Curated Knowledge Base. Their project addresses the problem of integrating advanced computational and curation techniques. Curated knowledge resources are important in fields like genomics, but have not yet made a significant impact in other fields like renewable energy. The purpose of a curated knowledge product is to provide comprehensive, non-redundant, concise, and unbiased information in a field where information is otherwise scattered and hard for users to gather objectively. Garbrook has built an encyclopedic knowledge base, the Advanced Biofuels Resource, to organize scientific, commercial, and policy-related information for the Biofuels community. This proposal will develop automated methods to produce multiple targeted information products from such a resource. For many users of technical, commercial, and policy information, the information landscape is cluttered and confusing. The Internet now contains a wide variety of newsletters, trade association sites, blogs, and other media reports, in addition to scholarly publications, consulting reports, white papers from policy organizations, and government sites. The solution to this problem is not more sites, but a new standard for curated knowledge resources to reduce the clutter. Garbrook proposes to build technology to automatically segment curated matter to establish a comprehensive resource into targeted knowledge products suitable for various sectors of the community. Combining its computational technology and its ability to train agent curators, Garbrook is positioned to build additional knowledge products in the future for topics related to energy and the environment.
Copernican Energy is a company that received a STTR Phase I grant for a project entitled: High Temperature Solar Thermal Biomass Gasification and Co-reduction of Iron Oxide to Produce Hydrogen. Their project applies renewable solar thermal energy as a novel way to provide the necessary energy for biomass gasification and will develop the science required to engineer an efficient solar biomass-to-hydrogen conversion facility. Central to this innovation is the use of a reduced oxide intermediate to chemically store solar energy in a solid, allowing continuous hydrogen generation when the sun is not shining. The operating conditions necessary to achieve economically viable conversion of biomass resources to hydrogen will be determined through in-depth study "on-sun" and in the laboratory of heat transfer, reaction rates, and rate controls. The proposed project provides a bridge between solar energy and biomass to surmount many of the challenges associated with conventional biomass processing technologies. The high temperatures available from solar thermal systems allow for high conversion and selectivity, maximizing utility of the valuable biomass resource and extending its ability to replace conventional fossil fuels. Use of a reduced metal oxide stretches the applicability of solar energy beyond the daylight hours. Combined use of solar energy with biomass has a larger potential than either renewable resource alone to provide renewable fuels for the future. Copernican Energy is a company that received a STTR Phase I grant for a project entitled: Rapid Solar Thermal Gasification and Pyrolysis of Cellulose and Lignin for Renewable Fuel Production. Their research uses solar thermal energy as a novel way to provide the necessary energy for renewable biomass conversion to energy or useful products, and develops the science required to engineer an efficient and commercial solar biomass conversion facility. Gasification and pyrolysis of representative biomass resources grown near solar regions (corn stover and sorghum) will be converted via thermogravimetry, controlled aerosol reaction, and on-sun demonstration of feasibility of this approach. Thermogravimetric experiments will determine chemical kinetics and necessary conditions for high selectivity to syngas and tar mitigation. Economic simulations will determine the main cost drivers for product price and highlight the syngas products with highest near-term scale-up potential. The broader impacts of the application of solar thermal energy to thermochemical conversion of biomass will provide a bridge between these sources of renewable energy that could surmount many of the challenges associated with conventional biomass processing technologies. Combined use of solar energy with biomass has a larger potential than either renewable resource alone and will help alleviate the nation's dependence on foreign petroleum, generate economic growth, create fuels that are environmentally sustainable, and have an impact on the overall human impact of energy use.
Bioprocessing Innovative Company operates as a company that produces and engineers bio-energy solutions. The company is based in Dublin, Ohio.