Bitcoin Mining Infrastructure Provider Lancium to Support Battery-Powered Demand Response at 25MW Texas-Based Facility – Mining Bitcoin News

According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with Texas battery storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility, and when the grid is flooded with excessive energy demand, Lancium can continue mining without reducing its computational power.

Lancium Broad Reach Partners — Exec Says ‘Network Operators Seek Solutions to Help Address Outage Challenge’

On July 07, 2022, energy technology and crypto mining infrastructure company Lancium announced a partnership with Houston-based independent power producer Broad Reach Power LLC. Under the new agreement, Broad Reach, which operates 21 gigawatts (GW) of power from energy storage, wind and solar, will power Lancium’s 25 megawatts (MW) Clean Campus data center in Fort Stockton, Texas.

The first phase of the 25 MW facility will be operational this summer, and the Fort Stockton data center will also work with ERCOT’s services. Bitcoin.com News reported on Lancium at the end of March 2022 that Bitcoin mining operation Cleanspark expanded its operations and signed a deal with the energy technology and crypto mining firm. Shaun ConnellLancium’s Power EVP announced on Thursday that grid operators are seeking solutions to reduce excess energy demand.

For example, four days ago Bitcoin.com News reported that Duke Energy, the second largest energy company in the US, is examining bitcoin and demand response programs. On July 5, Lancium’s Connell discussed how his company aims to “develop”. [the] The viability of renewable energy sources” through Lancium’s solutions. “As the generation mix evolves and generation from renewable sources grows, grid operators are looking for solutions to help tackle the outage problem,” Connell said Thursday during a partnership announcement with Broad Reach. Said. Connel added:

Because our technology allows data center power consumption to move up and down with grid conditions, we can help stabilize the power grid and further encourage the development of renewable generation. We believe Broad Access’s vision and experience of how to manage dynamic energy storage resources will help support Lancium as we continue our work to improve the reliability and resilience of the electrical grid.

White House To Release A PoW Report — Broad Reach Reveals The Company ‘Understands The Importance Of Responsive Manufacturing And Loading Resources’

The partnership between Lancium and Broad Reach follows the Biden administration’s interest in proof-of-work (PoW) mining operations. Costa Samaras, deputy director of energy at the Office of Science and Technology Policy (OSTP), announced that the White House plans to publish a report on the mining industry soon. “It is important that this be a meaningful part of our financial system, developed responsibly and minimize overall emissions. When we think about digital assets, it has to be a climate and energy conversation,” said Samaras.

Broad Reach’s EVP, Paul Choi, said on Thursday that the company aims to help the economy move towards clean energy use. “As one of the largest developers of autonomous energy storage, Broad Reach understands the importance of responsive generation and loading resources to help the economy transition to a cleaner energy grid,” said Choi. “Because of our experience in managing energy storage, we are in a unique position to provide the services necessary to power Lancium’s Clean Campus,” the Broad Reach manager concluded.

Tags in this story

Batteries, Battery Operated, Biden Management, Bitcoin Miners, Bitcoin mining, Wide Reach, Wide Reach Power, BTC Mining, Clean Campus, Cleanspark, Costa Samaras, crypto miners, Energy, Fort Stockton, Houston, Lancium, mining, Mining Operations, Paul Choi, PoW, power, Proof of Work (PoW), Shaun Connell, Texas, White House

What do you think of Lancium and Broad Reach Power’s partnership? Let us know what you think about it in the comments section below.

Jamie Redman

Jamie Redman is the News Leader at Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols that emerged today.




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