Deutsche Telekom’s subsidiary, MMS, partners with Bankhaus Metzler for a groundbreaking Bitcoin mining project. This pilot uses surplus renewable energy to power mining operations. The aim is to support grid stability by harnessing energy that would otherwise go unused.
The venture responds to growing challenges in energy management. Surges in renewable energy production, often from wind and solar, create imbalances due to weather-driven supply spikes.
MMS and Bankhaus Metzler plan to collect field data, exploring Bitcoin mining as a quick-response solution for these fluctuations. Success could pave the way for similar projects across Germany.
Bitcoin mining as a solution for energy grid balance
Bitcoin mining has already proven effective in stabilizing energy grids in the U.S. and Finland. The German pilot seeks to replicate and validate these results locally.
Mining’s flexible power load could help balance supply and demand, easing stress on the grid. Renewable power producers, often stuck with excess energy they cannot store or sell, might find this method beneficial.
Dresden-based Metis Solutions GmbH manages the hosting of the mining units. These containers operate at Riva GmbH Engineering’s site in Backnang. The company’s photovoltaic system powers the mining equipment.
Telekom MMS, with extensive web3 infrastructure expertise, ensures smooth operations. Bankhaus Metzler adds financial oversight and explores the potential of crypto-related financial services.
Head of Digital Trust at Deutsche Telekom MMS, Oliver Nyderle, emphasizes the need for adaptive energy solutions. He describes the project as a form of “digital monetary photosynthesis,” turning excess energy into digital assets.
Meanwhile, Hendrik König of Bankhaus Metzler underscores the importance of blockchain innovation beyond finance. He notes:
We are very pleased to be part of this pilot project with Telekom MMS. Blockchain technology is gaining increasing importance in operational business outside the financial industry – and a trusted financial partner is indispensable for managing crypto assets.
Nevertheless, this pilot could redefine renewable energy use and blockchain’s integration into the industry.
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