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1.2 ‘Stranded Energy’
Innovative Solutions for Achieving a More Sustainable Bitcoin Ecosystem
Stranded energy refers to energy that is produced but cannot be used or sold due to a lack of infrastructure or demand. This can occur for a variety of reasons, including a lack of transmission lines or pipelines to transport the energy, a lack of storage facilities to hold excess energy, or a lack of customers to purchase the energy.
There are several types of stranded energy, including electrical, thermal, and fuel.
Electrical stranded energy refers to electricity that is produced but cannot be transmitted or sold due to a lack of transmission lines or customers.
Thermal stranded energy refers to heat that is produced but cannot be used or sold due to a lack of demand or a lack of suitable storage or distribution systems.
Fuel stranded energy refers to fossil fuels or other types of fuel that are extracted or produced but cannot be transported or sold due to a lack of infrastructure, such as pipelines or tanker ships.
Stranded energy can be a significant issue for energy producers and can result in significant financial losses. It can also be a challenge for governments and policy makers, as stranded energy can limit the ability of a region to meet its energy needs and can hinder economic development.
Enter Bitcoin.
Bitcoin Miners can deploy highly modular and transportable systems in the field to take advantage of stranded energy
and benefit the environment.
There are several real-world examples of stranded energy that illustrate the impacts of this phenomenon.
One example is the stranded natural gas resources. Natural gas is a clean and abundant source of energy that is found in many parts of the world, including the United States, Russia, and the Middle East. It is a versatile fuel that can be used for electricity generation, heating, and industrial processes, and it is often viewed as a transition fuel to help countries reduce their reliance on coal and other fossil fuels.
However, natural gas can be difficult to transport and sell, particularly in regions without pipelines or liquified natural gas (LNG) terminals. These infrastructure investments are necessary to transport natural gas from the wellhead to markets, and they can be costly and time-consuming to develop. As a result, many natural gas resources are stranded in areas without adequate infrastructure, leading to wasted resources and economic losses for energy producers and governments. In some cases, stranded natural gas may be flared (burned off) due to a lack of demand or infrastructure. Flaring is a common practice in the oil and gas industry, but it can be controversial due to the greenhouse gas emissions it generates. In addition, flared gas represents a missed opportunity to use a valuable energy resource and can result in significant economic losses for energy producers and governments.
Another example is the stranded renewable energy resources that exist in many remote or isolated areas. Renewable energy sources, such as solar, wind, and hydroelectric power, are often abundant in these regions, but they may be located far from population centers or major markets. This can make it difficult to transport and sell the energy, leading to stranded energy and missed opportunities for economic development.
Finally, stranded energy can also occur when there is a mismatch between energy production and demand. For example, if a region experiences a sudden surge in renewable energy production, such as during a period of strong winds or high solar irradiance, it may produce more energy than the grid can handle. This excess energy may be stranded if there is no way to store it or sell it to other areas. This can lead to financial losses for energy producers and can also result in wasted resources if the excess energy is not used effectively.
As a result, there is a new approach to Bitcoin mining that involves purchasing energy from energy companies during times when there is an excess of renewable energy sources, such as wind or solar. This approach allows miners to continue operating at a high rate while also making use of clean energy. Additionally, during times of energy scarcity, miners can shut off their operations to conserve resources. This helps to make renewable energy more financially viable, as it can still be utilized even when there is no demand for it on the grid
🌴TGSOB🌿
