Engie considers battery storage or Bitcoin mining in Brazil

TapChiBitcoin
BTC0,13%

According to Reuters, Engie is considering deploying a battery storage system or building a Bitcoin mining data center at the Assu Sol solar power plant in northeastern Brazil. The goal of this plan is to minimize the negative impact of power curtailment on the project’s profitability.

Since 2023, solar and wind projects in Brazil have faced increasing pressure from power curtailment due to limitations in the national grid’s absorption capacity. Additionally, the rapid growth of renewable energy capacity and the significant expansion of distributed solar power have led to periods of excess supply.

In this context, integrating a battery storage system or Bitcoin mining operations could help optimize surplus electricity, improve financial efficiency, and enhance the operational flexibility of the project.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tim Scott: US Senate Crypto Bill May See Breakthrough, Stablecoin Yield Controversy Enters Critical Stage

US Senate Banking Committee Chair Tim Scott indicated that disagreements regarding stablecoin yield payment provisions could make progress this week, with compromise proposals expected to be received. The bill aims to clarify the US regulatory framework for crypto assets, with ongoing negotiations involving multiple key provisions that, if agreed upon, would have far-reaching implications for the crypto market.

GateNews16m ago

Global Largest Bitcoin ATM Operator Bitcoin Depot License Suspended by Connecticut

Bitcoin Depot's money transmitter license has been emergency suspended in Connecticut due to reasons including excessive fees, failure to fully refund fraudulent transactions, and non-compliance with regulatory requirements. The company's stock price has declined significantly, and internal control deficiencies are expected to be disclosed in the annual report.

GateNews18m ago

Bitcoin Depot suspends operations in Connecticut as Bitcoin ATMs face further compliance issues

Connecticut has suspended Bitcoin Depot's money transmitter license and required the company to halt its Bitcoin ATM operations due to multiple violations regarding fees and information disclosure. The company's stock price has declined, and it faces fines and compliance pressure, which may impact stricter regulatory oversight across the entire industry.

GateNews21m ago

Bitcoin Depot Flags Control 'Weaknesses' as Connecticut Halts Its Operations

In brief Connecticut has suspended Bitcoin Depot's state money transfer license, without which it cannot run its kiosks. Regulators said some users were overcharged, while those that fell to scams weren’t fully refunded. Observers said the order could mark a tougher compliance test for th

Decrypt22m ago
Comment
0/400
No comments