Green Bitcoin mining proof of concept using Tesla solar and battery storage

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email

Tesla’s Megapack battery energy storage system (BESS) solution as well as the company’s solar PV will power a Bitcoin mining facility in a proof of concept (POC) project in the US. 

Bitcoin mining and services company Blockstream Mining began construction earlier this month on the open-source, solar-powered facility at an undisclosed location. 

The project is being built in partnership with financial services and digital payments company Block, Inc, which has Twitter co-founder Jack Dorsey as its CEO. 

Blockstream’s CEO and co-founder Adam Back meanwhile said that the facility will be “a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future”.

The site will pair a 3.8MW solar PV array with 12MWh of Megapacks, enabling a 30 Petahash hash rate — a measure of the computational power used by the cryptocurrency mining’s proof-of-work. A dashboard will be made publicly available as the plant runs, showing real-time metrics of performance, such as power output and the amount of mined Bitcoin.

“By collaborating on this full-stack, 100% solar-powered Bitcoin mining project with Blockstream, using solar and storage technology from Tesla, we aim to further accelerate Bitcoinʼs synergy with renewables,” Block’s global ESG lead Neil Jorgensen said. 

The off-grid site aims to prove 100% renewable energy-powered Bitcoin mining is possible, hopefully providing an example to the industry.

Tesla CEO Elon Musk famously said in the past that his company would row back on its interest in Bitcoin due to the use of fossil fuels in mining, despite other attractive characteristics that crypto has. In May 2021 the company stopped accepting it as payment over those concerns

Read Next

May 18, 2022
Urban Electric Power has signed a memorandum of understanding (MOU) with developer Pine Gate Renewables to supply the latter up to 4,550MWh of its zinc batteries over the next five years.
May 16, 2022
Global system integrator Fluence increased its revenues for the first three months of 2022, its second quarter, 249% to US$343 million.
May 11, 2022
A liquid coolant leak caused thermal runaway in battery cells which started a fire at the 300MW/450MWh Victorian Big Battery in Australia.
May 10, 2022
esla aims to reach annual deployments of energy storage totalling 1,500GWh by 2030, nearly four hundred times the amount it deployed last year, according to its 2021 recent impact report.
May 9, 2022
Amazon has signed cross-portfolio power purchase agreement (PPA) deals with AES Corporation for California clean energy resources.

Most Popular

Email Newsletter