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Leading US energy company discusses Bitcoin mining with Elon Musk

 


Leading US energy company Duke Energy is exploring bitcoin mining to incorporate into its demand-response strategy. The company also wants to talk to Telsa CEO Elon Musk about the electrification of transport and the decarbonization of the network.


Duke Energy explores Bitcoin mining opportunities with Musk

Justin Orkney, principal analyst for tariffs and regulation strategies at Duke Energy, tweeted on June 4 that he wants to share views on electrifying transportation and decarbonizing the power grid through Bitcoin mining. Also, his team would like to discuss how Bitcoin mining could drive adoption of Tesla rooftop solar panels.


“@elonmusk – would love to talk about how bitcoin mining could facilitate electrification of transportation and decarbonization of the power grid. Even ensure faster acceptance of Tesla rooftop solar systems. Have your people call my people."


Justin Orkney previously confirmed that Duke Energy is currently investigating Bitcoin mining. In fact, his team is researching how Bitcoin could solve the problems of the power grid as renewable energy penetration increases. 


The results of the study will show how to onboard miners to the network before rolling it out to the masses. The company uses its microgrid with different power sources to run tests measuring the impact on different tiers of miners.


The strategy to decarbonize the power grid

Duke Energy also powers several small-scale bitcoin miners. The idea of ​​having crypto miners online could improve power supply and minimize outages. He believes initiatives like demand response with miners could help avoid pressure on power infrastructure. 


Also, Tesla is already working on a bitcoin mining project with Blockstream and Block. Cooperation with Duke Energy could be interesting for both companies. He believes initiatives like demand response with miners could help avoid pressure on power infrastructure.

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