What they should have highlighted is that “In 2020, CAISO curtailed 1.5 million MWhs of utility-scale solar, or 5% of its utility-scale solar production.”
To put that in perspective, an average home in Sacramento uses about 8 MWhs of electricity per year. The wasted solar energy in California is enough to power all of the 200,000 homes in the city of Sacramento for a year.
The news here is that we should neither be scared of #solar curtailments or the energy use of #Bitcoin
The pairing/co-location of them is symbiotic in that revenues from #Bitcoin mining of stranded energy will reduce payback for #solar projects.
This is a typical example of electricity demand from flexible loads like electric vehicle charging infrastructure incentivizing more solar deployment. But I guess all of the above will not fit neatly in a headline 🤣
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A conversation about #bitcoin draws critics in to imagine how bitcoin “should” be vs. focusing on how we it can be utilized.
Example brought up was should supply be fixed and not diminishing? There is a two part response for addressing any question/criticism of bitcoin.
1 - There are no mysteries in #Bitcoin . It is a transparent network. Bitcoin is valued by the users of the bitcoin network as-is, comprised of all the features it has whether or not those features can be altered/improved.
This is how we get to an energy abundance future with renewables ⚡️ Australia reached 104.1% net renewables over the week of Dec 11-18 👇🧵
"To be clear, this 104.1 per cent relates to the amount of wind and solar compared to state demand. The state is connected to the rest of the grid so imports and exports are inevitable..."
It is important to note this is a "net" calculation over the state demand.
"The state is benefiting from new wind and solar joining the grid and the roll out of synchronous condensers that are cutting back the amount of gas needed for system security."
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
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).