Compass Mining Energizing Bitcoin & Balancing The Grid With Kam Tower Of CPower
Kam Tower of C-Power joins the podcast to discuss the role of energy in Bitcoin mining, the importance of virtual power plants (VPPs) in balancing the grid and overall how the growth of energy demand and lagging supply will come together to ensure progress is energized stateside. The episode touches upon the following themes and more: ⛏️⚡️ C-Power is a leader in virtual power plant development, working with various industries to monetize their flexibility and provide value to the grid. ⛏️⚡️ Bitcoin mining and other emerging industries like HPC and AI are increasing the demand for electricity, requiring more flexible and dynamic energy solutions. ⛏️⚡️ Curtailment, or reducing demand during peak periods, is a sustainable and environmentally friendly way to balance the grid and reduce costs and emissions. ⛏️⚡️ Bitcoin mining can serve as a flexible resource for the grid, allowing miners to curtail their operations and provide valuable grid services. ⛏️⚡️ The collaboration between energy and Bitcoin mining can lead to better power agreements, cost savings, and a more sustainable energy grid. Bitcoin mining has become a valuable grid service, providing flexibility and demand response to the energy grid. ⛏️⚡️ Partnerships between miners and utilities, cooperatives, and municipalities are forming to balance the grid and lower costs for ratepayers. ⛏️⚡️ The US, particularly Texas, is a favorable location for Bitcoin mining due to its relatively cheap on-grid power. ⛏️⚡️ The grid is placing a premium on flexibility services, including virtual power plants, to optimize energy strategies and reduce costs. ⛏️⚡️ Bitcoin mining contributes to energy efficiency and environmental sustainability by avoiding the burning of coal and reducing CO2 emissions.
Watch on YouTube - https://youtu.be/YwgZ6oH5jIw ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Intro 00:58 - Who Is Kam & What Does Cpower do? 02:27 - Kam's Bitcoin Journey 05:00 - Energy Demand Growth & Bitcoin Mining 09:42 - The Economic & Environmental Benefits Of Curtailment 14:42 - Flexible VS Inflexible Loads -- Bitcoin Mining VS HPC/AI 21:30 - Bitcoin Mining & Utilities/Energy Providers 25:12 - Future Of Bitcoin Mining Stateside / Globally 31:29 - Demand/Supply Solutions From CPower 35:00 - Bitcoin Mining / Bitcoin Conferences Kam's LinkedIn - https://www.linkedin.com/in/kam-tower-b193b483/ CPower website - https://cpowerenergy.com/
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