Rune Energy

About Rune Energy

Rune Energy develops modular data centers designed to operate on surplus, curtailed, and stranded clean energy from solar and wind farms. Founded in 2023 by CEO William Layden and CTO Varun Palivela, and formerly known as Liito, the Palo Alto-based company aims to monetize wasted renewable energy by converting it into valuable computation. Layden previously led the development of a clean power data center model at SoftBank Energy, while Palivela is a veteran of the semiconductor industry with experience at Qualcomm, Nuvia, and Arm.

The company's core technology is the Clipping and Curtailment Conversion System (CC/CS™), a full-stack solution featuring custom silicon chips optimized for intermittent power, DC power delivery that avoids the need for grid connectivity, and plug-and-play integration architecture for power plants. These data centers are deployed directly at the power generation source, running behind-the-meter and behind-the-inverter to capture excess energy. This allows Rune to offer low-cost, high-performance computing for computationally intensive tasks like training AI models, cryptocurrency mining, and complex simulations.

Rune's business model provides a new revenue stream for renewable energy providers by purchasing their otherwise wasted electricity, helping to address value deflation and losses from inverter outages. By creating data centers that can ramp up and down based on energy availability, Rune offers a cost-effective alternative to battery storage. The company serves the renewable energy and environmental services sectors, enabling clients to lower their carbon footprint and improve operational efficiency.