RenderBitcoin on Nostr: Can confirm. When I was managing the market operations for a large IPP, we were ...
Can confirm. When I was managing the market operations for a large IPP, we were losing around $60-$80MM/year in economic curtailment, i.e. stranded energy. And that was including the PTC and REC adders.
I spent my last 3-4 years at that company developing a behind the meter bitcoin mining pilot project, but ultimately BAML did not give approval for the onsite use of energy for bitcoin mining due to internal push back, so the project pivoted to Cloud Compute/HPC. I think it will be built this year, but I left about a year and a half ago because a recruiter reached out asking if I was interested in leading the power markets team for a bitcoin miner.
I spent my last 3-4 years at that company developing a behind the meter bitcoin mining pilot project, but ultimately BAML did not give approval for the onsite use of energy for bitcoin mining due to internal push back, so the project pivoted to Cloud Compute/HPC. I think it will be built this year, but I left about a year and a half ago because a recruiter reached out asking if I was interested in leading the power markets team for a bitcoin miner.