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According to Lancium Inc., an crypto-mining infrastructure company, the company has signed an agreement with the Texas supplier of battery storage Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25 megawatt plant, and when the grid is flooded with excessive energy needs, Lancium can continue mining without reducing computing power.
On July 7, 2022, Lancium, the energy technology and crypto mining infrastructure company, unveiled a partnership with Houston-based independent power producer Broad Reach Power LLC. Under the new agreement, Broad Reach, which operates 21 gigawatts (GW) of energy from storage, wind and solar, will provide energy to Lancium’s Fort Stockton, Texas, 25 megawatt (MW) Clean Campus data center.
The first phase of the 25 MW plant will start operations this summer, and the Fort Stockton data center will also work with ERCOT’s services. Bitcoin.com News reported on Lancium at the end of March 2022, when the bitcoin mining business Cleanspark expanded its operations and entered into an agreement with the energy technology and crypto mining company. Shaun ConnellEVP for power for Lancium, explained on Thursday that network operators are looking for solutions to curb excessive energy needs.
For example, four days ago, Bitcoin.com News reported on the second largest US energy company, Duke Energy, which studied bitcoin and demand response programs. On July 5, Lanciums Connell discussed how his company aims to “improve [the] viability for renewable energy resources ”through Lancium’s solutions. “As the generation mix evolves and the generation of renewable energy grows, network operators are looking for solutions to help meet the challenge of intermittence,” Connell said in a statement Thursday during the partnership announcement with Broad Reach. Connell added:
Because our technology allows the data center’s power consumption to move up and down with network conditions, we are able to help stabilize the power grid and encourage the development of an even more renewable generation. We believe that Broad Reach’s vision and experience in managing dynamic energy storage resources will help support Lancium as we continue our efforts to promote the reliability and robustness of the electrical grid.
The partnership between Lancium and Broad Reach follows the Biden administration’s interest in proof-of-work (PoW) mining. Costa Samaras, chief assistant director of energy from the Office of Science and Technology Policies (OSTP), explained that the White House plans to publish a report on the mining sector soon. “It is important if this is to be part of our financial system in any meaningful way, that it is developed responsibly and minimizes total emissions. When we think of digital assets, there must be a climate and energy conversation, Samaras said.
Broad Reach’s EPP Paul Choi noted on Thursday that the company aims to help the economy move towards clean energy use. “As one of the largest developers of stand-alone energy storage, Broad Reach understands the importance of responsive generation and load resources to help the economy move to a cleaner power grid,” said Choi. “Because of our experience in managing energy storage, we are uniquely positioned to provide the necessary services for Lancium to operate the Clean Campus,” concluded the Broad Reach CEO.
What do you think of Lancium’s and Broad Reach Power’s partnership? Tell us what you think about this topic in the comments section below.
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