MMS, a subsidiary of Deutsche Telekom, is partnering with Bankhaus Metzler to explore Bitcoin mining using surplus renewable energy. The pilot project, based in Germany, will use excess energy generated by renewable sources like solar and wind power to create a sustainable solution. The idea behind the initiative is to stabilize energy grids during peak production periods.
The mining operations will be hosted by Metis Solutions GmbH at Riva GmbH Engineering in Backnang, a firm with its own photovoltaic (solar) setup. MMS will monitor the mining equipment, while Metis will manage the facility. This collaboration with Bankhaus Metzler will access Bitcoin mining’s ability to balance energy demand and supply.
It is expected to benefit solar and wind energy producers who encounter unpredictable power output.
