According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped by excessive energy demand, Lancium can continue mining without reducing its computational power.
Lancium Partners With Broad Reach Power — Exec Says ‘Grid Operators Are Looking for Solutions to Help Address the Challenge of Intermittency’
On July 07, 2022, Lancium, the energy technology and crypto mining infrastructure company, revealed a partnership with the Houston-based independent power producer Broad Reach Power LLC. According to the new agreement, Broad Reach, which operates 21 gigawatts (GW) of power from energy 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 facility will begin operations this summer and the Fort Stockton data center will be working with ERCOT’s services as well. Bitcoin.com News reported on Lancium at the end of March 2022, when the bitcoin mining operation Cleanspark expanded operations and inked a deal with the energy technology and crypto mining firm. Shaun Connell, the EVP of power for Lancium, explained on Thursday that grid operators are searching for solutions to curb excessive energy demand.
For instance, four days ago, Bitcoin.com News reported on the second largest U.S. energy corporation, Duke Energy, studying bitcoin and demand response programs. On July 5, Lancium’s Connell discussed how his company aims to “improve [the] viability of renewable energy resources” through Lancium’s solutions. “As the generation mix evolves and generation from renewables grows, grid operators are looking for solutions to help address the challenge of intermittency,” Connell said in a statement on Thursday during the partnership announcement with Broad Reach. Connell added:
Because our technology allows data center power consumption to move up and down with grid conditions, we are able to help stabilize the power grid and encourage the development of even more renewable generation. We believe Broad Reach’s vision and experience in how to manage dynamic energy storage resources will help support Lancium as we continue our work to advance the reliability and resiliency of the electric grid.
White House to Publish a PoW Report — Broad Reach Explains the Company ‘Understands the Importance of Responsive Generation and Load Resources’
The partnership between Lancium and Broad Reach follows the Biden administration’s interest in proof-of-work (PoW) mining operations. Costa Samaras, the principal assistant director for energy from the Office of Science and Technology Policies (OSTP), explained the White House plans to publish a report on the mining sector soon. “It’s important if this is going to be part of our financial system in any meaningful way, that it’s developed responsibly and minimizes total emissions. When we think about digital assets, it has to be a climate and energy conversation,” Samaras said.
Broad Reach’s EVP Paul Choi remarked on Thursday that the company aims to help the economy move toward 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 transition to a cleaner power grid,” Choi said. “Because of our experience managing energy storage, we are uniquely positioned to provide the necessary services for Lancium to power its Clean Campus,” the Broad Reach executive concluded.
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