Event

Speaker: weezel

Sustainable energy sources like solar, wind, and hydropower offer the possibility of decentralized energy production. Unlike traditional centralized projects like coal power plants that require massive infrastructure and centralized control, renewable energy systems can be deployed on a smaller, localized scale. This enables communities and individuals to generate their own energy, enhancing energy independence and reducing transmission losses. However, renewables lack the continuous base load supply that a coal plant delivers. To ensure reliability, renewable systems require overbuilt capacity - installing more generation than is typically needed to meet demand during low-production periods.

Bitcoin mining offers a unique and synergistic solution to this challenge. Miners can consume surplus electricity during periods of overproduction making overbuilding renewable capacity economically viable. And by dynamically scaling their energy usage, Bitcoin miners can stabilize the grids load fluctuations.

This opportunity is especially interesting for the concept of mini-grids in rural Africa. Being seen as the best way to supply green energy the Africa Mini-grids program was launched at COP27. Additionally to load fluctuation, a significant challenge occurred to the operators: the off-taker risk. The mini-grid operators reported that the slow adoption of their electricity led to insufficient revenue, making refinancing very difficult. This lack of reliable buyers also complicates the planning and execution of future mini-grid projects.

Bitcoin offers a unique solution to the off-taker risk by monetizing energy in a highly flexible manner regardless of location, subsidizing decentralized green energy projects without the need for government legislation. (from the 402 payment required assembly)