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Author Topic: Top US Energy Company to Explore Bitcoin Mining  (Read 363 times)


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Top US Energy Company to Explore Bitcoin Mining
« on: July 07, 2022, 11:26:07 AM »
Duke Energy, a top US energy company, is reportedly looking to explore Bitcoin mining as part of its plans to integrate its demand response strategy.

In a tweet by Duke Energy’s lead rates and regulatory strategy analyst Justin Orkney on June 4, he shared notes on electrification of transportation and decarbonization of the electric power grid through Bitcoin mining.
In an earlier statement by Justin Orkey, he confirmed that Duke Energy is currently studying Bitcoin mining, in fact, his crew is exploring how Bitcoin could solve the problems faced by the grid as renewable penetration increases. Grid imbalance and other problems will only worsen as we approach renewable targets.

Results of the study will show how to onboard miners on the grid before scaling up for the masses. The company leverages its micro-grid with different energy sources to conduct tests to measure the impact involving several levels of miners.

“We are exploring general customer phasing concepts … I’m working on a Bitcoin demand response study about including Bitcoin mining capacity in our system with an eye toward the demand response functionality … We are hoping to do a technology test.”

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« Last Edit: July 07, 2022, 11:39:20 AM by Dennis2t8 »


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