A thread on data & signals from the solar industry for #Bitcoin miners.
Source: 2022 Utility Scale Solar report by @NREL 👉🧵
emp.lbl.gov/sites/default/…
Data: similar to last year's report, solar provides below-average value in regions with high solar penetration
Signal: #Bitcoin miners should focus on co-locating with solar in established regions
Data: solar curtailment is a feature of the grid and will continue to rise
Signal: TX and CA solar could benefit the most by diverting curtailed energy into #Bitcoin mining
Data: solar prices are declining to keep pace with the decline in the value of solar.
Signal: #Bitcoin miners should co-locate with existing and/or vertically integrate solar to take advantage of the lowest cost of energy
Data: solar cannot capture the high grid values that happen in the evening (e.g., polar vortex event in ERCOT)
Signal: pairing solar with batteries and #Bitcoin mining provides optionality to create additional value (see the next comment re: batteries)
Data: retrofitting existing solar with batteries have exploded and are not slowing down
Signal: add #Bitcoin to solar+battery to capture even higher value from solar
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