Varun Datta (Entrepreneur)

From EverybodyWiki Bios & Wiki

Varun Datta is an Indian origin entrepreneur in United Kingdom, the founder of 4NEW and an advocate of sustainable blockchain and cryptocurrency ecosystems. Datta promotes waste-to-energy powered blockchain for tokenized electricity and feasible Bitcoin and Ethereum mining.[1]


Born in New Delhi, India, Varun completed his schooling from G D Goenka Public School, Delhi. Later he got his bachelor’s degree in management from Berkeley University, California.


Varun launched 4NEW in 2017, as a sustainable blockchain ecosystem powered by waste to energy power plants. In 2018,[2] Varun launched his own KWATT tokens which facilitate tokenized electricity to transact over the blockchain network. His firm has also invested in two new plants in the UK recently to harness Etherium and Bitcoin by the means of waste management.[3]

In 2018, 4NEW secured two operational waste-to-energy power plants in the United Kingdom selling the energy to the UK National Grid.[4] Working on anaerobic digestion technology, the power plant's process converts regular waste and feedstock into electricity. The two power plants are in Middlesbrough and Hartlepool in the UK [5] with further plans to open power plants in Sheffield, Hertfordshire, and Newcastle.[6]

In November 2017, 4NEW secured a $30 million private equity institutional investment round from Mirach Capital.[7][8]

He is[9] also associated with energy purchasing, waste reduction,[10] and offsetting the energy burdens of mining through waste to energy plants in the United Kingdom.


  1. "Waste to energy can turn India into a global powerhouse - Varun Datta". forbesindia. Retrieved Jul 20, 2018.
  2. "India in Sight for 5000 Crore Investment in Waste-to-Energy by Indian Ex-pat Varun Datta in 2019". outlookindia. Retrieved June 22, 2018.
  3. "4NEW is Mining Crypto with Waste Power". Blockchain News. Retrieved July 16, 2018.
  4. "4NEW secures Wastes to Energy Power Plants producing 10MW electricity/hour". India Infoline. Retrieved June 13, 2018.
  5. "Sh**tcoins! 4New lands $30 million to turn waste into cryptocurrency". Venture Beat. Retrieved July 23, 2018.
  6. "Blockchain waste-to-energy start-up 4NEW raises $25m in eight days". Business Green. Retrieved October 30, 2017.
  7. "Sh**tcoins! 4New lands $30 million to turn waste into cryptocurrency". Venture Beat. Retrieved July 23, 2018.
  8. "4New Secures $30.5M in Funding". FinsMes. Retrieved December 5, 2017.
  9. "This startup wants to fight the crypto energy crisis by turning waste into electricity". The Next Web. Retrieved February 1, 2018.
  10. "IMPORTANCE OF WASTE IN AN URBAN SOCIETY". Daily Pioneer. Retrieved July 11, 2018.

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