Dutch Telco Giant Launches Bitcoin Mining Pilot Using Renewable Energy
T-Systems Multimedia Solutions (MMS), a subsidiary of Deutsche Telekom (T-Mobiles parent company), launches a Bitcoin mining pilot using renewable energy. The company announced the development today, noting that it has partnered with private bank Bankhaus Metzler for the initiative. According to the announcement, the pilot aims to gather relevant data on stabilizing Germanys energy grid during high fluctuations. Deutsche Telekom Taps Bitcoin Mining to Stabilize Germany Power Grid The initiative was introduced to regulate power in Germany due to the variable outputs from renewable energy. Specifically, the announcement acknowledged that solar and wind-powered renewable energy sources usually produce excess power on different occasions. Hence, the Bitcoin mining pilot will leverage wind and solar energy sources to stabilize Germanys power grid. This process is similar to a method used in some countries, such as the United States and Finland. Specifically, Deutsche Telekom will harness the flexible load of Bitcoin mining to stabilize Germanys power grid.Benefits and Other Features of the Pilot Besides stabilizing the power grid, Deutsche Telekom believes the project will be beneficial to wind and solar power-generating companies. It emphasized that these companies are facing the challenge of unpredictable control performance.Furthermore, Metis Solution will host and manage the Bitcoin mining project while the containers are located in a solar-powered site at Riva GmbH Engineering. While MMS will handle the blockchain infrastructure aspect of the Bitcoin mining pilot, Bankhaus Metzler will focus on the financial service segment.Commenting on the development, Oliver Nyderle, MMS Head of Digital Trust and Web3 Infrastructure, recognized the need to control the rising fluctuations emanating from renewable energy sources.Hence, Nyderie noted that the company will test the control effect of Bitcoin mining on the power grid, thus converting excess energy into digital value. The development comes several months after Deutsche Telekom first revealed plans to venture into Bitcoin mining. Dirk Röder, Telekoms Head of web3 infrastructure and solutions, first revealed the development at a Bitcoin conference in Prague in June. The company has now flagged off a Bitcoin mining pilot to stabilize the energy grid during high fluctuations.
Text source: The Crypto Basic
