Diving into the Advantageous Pairing of Solar Power and Bitcoin
Matt Chester of Chester Energy and Policy is also the head of Alternative Energy at JNK Securities. As a part of that role, he hosts regular TechLeaderBoard panels on a variety of relevant energy issues, bringing together key experts in the topic areas.
In this panel, the following was featured:
As the prevalence of Bitcoin and other cryptocurrencies continues to expand, the market has identified areas where the sector’s energy use can be a boost to clean energy goals, not a burden to the grid. Specifically, utilizing Bitcoin mining as an energy buyer/user of last resort ensures that overgeneration of clean energy sources does not lead to negative market impacts for renewable energy projects, whereas otherwise solar power would need to be stored inefficiently, sold at uneconomic prices, or curtailed altogether. By pairing the dispatchable consumption of Bitcoin with the intermittent nature of solar energy, both technologies are already being bolstered across the country. While that trend has been a profitable one, many in the world of cryptocurrency are still being threatened with potential scrutiny and regulation of policymakers who only look at the energy consumption as a strain on the grid.
In this TechLeaderBoard session, we’ll bring together experts working at the exciting intersection of solar energy and Bitcoin to highlight where new market opportunities lie, forecast what this pairing will mean for the growth of each of the technologies, and identify any potential hurdles coming towards the continued growth of the solar and Bitcoin pairing.
Why join:
- The motivation to decarbonize energy to those in the cryptocurrency sector
- Why pairing solar power and clean energy generally with mining operations is beneficial
- The regulatory landscape surrounding cryptocurrency and how this pairing is helping
- Challenges of scaling up this pairing
- Balancing the goals of clean energy and Bitcoin mining
- How to identify key companies / regions that will benefit most from this opportunity
Panelists:
Kent Haliburton, Chief Operating Officer of Sazmining, Inc, where he provides consultation and implementation services for renewable energy projects exploring the benefits of Bitcoin mining.
Pierre Telep, Managing Director of The Climate Platform, a climate advisory and investing company based in Berlin, Germany, where he provides consulting services through their Climate Advisory Services business and allocate capital in the form of crypto currencies to climate projects through the Crypto Climate Fund initiative.