Deutsche Telekom has partnered with Bankhaus Metzler to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy in Germany. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options.
The project seeks to validate the effectiveness of Bitcoin mining in stabilizing the energy grid in Germany. The pilot project is currently hosted by Metis Solutions GmbH and is located at Riva GmbH Engineering in Backnang, Germany. Telekom MMS is responsible for operating the mining devices, while Bankhaus Metzler is involved in defining test runs and analyzing data.
The collaboration aims to gain experience in blockchain technology applications and further advance the innovative power of blockchain technology in Germany.
