Top U.S. energy company Duke Energy is exploring Bitcoin mining as part of integrating it into its demand response strategy. Moreover, the company also wants to discuss the electrification of transportation and decarbonization of grid with Telsa CEO Elon Musk.
Duke Energy Explores Bitcoin Mining Opportunities With Musk
Duke Energy’s lead rates and regulatory strategy analyst Justin Orkney on June 4 tweeted about sharing notes on electrification of transportation and decarbonization of the electric power grid through Bitcoin mining.
Moreover, his team would also like to discuss how bitcoin mining could boost the adoption of Tesla rooftop solar.
“@elonmusk – would love to share notes on how Bitcoin mining could facilitate electrification of transportation and decarbonization of grid. Even allow for quicker adoption of Tesla rooftop solar. Have your people call my people.”
Justin Orkney hadthat Duke Energy is currently studying Bitcoin mining. In fact, his team is exploring how Bitcoin could solve the problems faced by the grid as renewable penetration increases. Grid imbalance and other problems will only worsen as we approach renewable targets.