Innovative Approach to Renewable Energy Use
Deutsche Telekom subsidiary T-Systems MMS has embarked on an innovative pilot project called "Digital Monetary Photosynthesis," aiming to use surplus renewable energy for Bitcoin mining. In collaboration with Bankhaus Metzler, the project seeks to convert excess electricity, which might otherwise go unused, into digital assets.Balancing the Energy Grid
The initiative reflects a strategy seen in places like Texas, where Bitcoin miners help balance the power grid by absorbing excess energy. As renewable energy sources face irregular production peaks due to weather variability, this model allows for rapid response and energy consumption management, contributing to grid stability.Project Infrastructure and Goals
The mining hardware is hosted by Metis Solutions GmbH and located at RIVA Engineering GmbH, which uses its photovoltaic system to generate electricity. T-Systems MMS will manage operations, leveraging its expertise in Web3, while Bankhaus Metzler analyzes data to explore further applications in digital asset management.
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