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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Solar + battery power plants are on the rise. We need to skate where the puck is going to effectively integrate #Bitcoin with #solar. 1/n 🧵
Here are some excerpts from a report by Lawrence Berkeley National Laboratory: emp.lbl.gov/news/2021-was-…
At the end of 2021, there were nearly 300 hybrid plants (>1 MW) operating across the United States, totaling nearly 36 GW of generating capacity and 3.2 GW/8.1 GWh of energy storage.
PV+storage dominates in terms of plant number (140), storage capacity (2.2 GW/7.0 GWh), storage:generator capacity ratio (53%), and storage duration (3.2 hours).