How Bitcoin can support the grid with Jamie McAvity (CEO @ Cormint)

In areas with high intermittent renewable energy sources, high rates of curtailment pose a significant challenge. In efforts to avoid this, different methods can be deployed. Battery storage is just one option for utilising excess energy, but in the right location, Bitcoin mining can be an alternative avenue to support grid resilience and capitalize on excess energy. What does the crossover of Bitcoin and energy storage look like at present, and in the future?In this episode, CEO at Cormint, Jamie McAvity, joins Quentin to discuss bitcoin mining and the intersections with the energy system. Over the conversation, they discuss:Why Fort Stockton, West Texas, is an ideal location for Bitcoin mining operations.An overview of a bitcoin mining facility and the business model.The prevalence of negative pricing in Texas and the reasons surrounding it.An overview of the Bitcoin mining community in ERCOT and it’s relationship with the power grid in Texas.and much, much moreAbout our guestCormint is a bitcoin mining facility located in Fort Stockton, West Texas, harnessing bitcoin-denominated debt to build the grid of the future. support reliable and renewable power grids. To find out more about what Cormint do, head to their website.About Modo EnergyModo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.