ChainCatcher news, as reported by Bitcoin Magazine, Robert F. Kennedy Jr. recently stated in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids.He pointed out that while the power grid is under pressure from manufacturing, electric vehicles, and data centers, the electricity consumption pattern of Bitcoin mining is different from traditional usage and can have a positive impact on the grid. Kennedy emphasized that unlike facilities such as data centers, Bitcoin mines operate only when electricity is cheap and abundant. When electricity scarcity leads to price increases, the mines can reduce their consumption within seconds.Additionally, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. The participation of Bitcoin miners in these programs helps to bid in the open market, reducing electricity costs for consumers.

ChianCatcher news, renewable energy company Fuse announced the completion of a $12 million strategic financing, led by Multicoin Capital, bringing the company's total funding to $90 million to date.According to the press release, the company plans to use the funds to launch Project Zero, a renewable energy DePIN project: "As a comprehensive energy company, Fuse provides distributed energy (DER) installation, electricity trading, and electricity retail. The company currently manages 18 megawatts of renewable energy projects, with another 300 megawatts of renewable energy projects in preparation. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer."

ChainCatcher News, Tokyo Electric Power Company's subsidiary Agile Energy X in Japan has begun experimenting with Bitcoin mining using surplus power from renewable energy sources such as solar energy. The company has installed mining equipment next to solar power plants in Tochigi and Gunma Prefectures as part of its green energy utilization efforts.Company representative Kenji Tateiwa stated that mining can provide a new source of revenue for power generation companies and promote further adoption of green energy.The Japanese government plans to achieve net-zero greenhouse gas emissions, or carbon neutrality, by 2050, and it is expected that the share of renewable energy will further increase in the future. According to Agile Energy X's estimates, if renewable energy accounts for nearly half of the national power supply, approximately equivalent to the annual electricity consumption of 70 million households will be wasted. If 10% of this can be utilized for Bitcoin mining, it is expected to generate an annual revenue of about 360 billion yen (2.5 billion USD).

ChainCatcher news, according to Bitcoin News, the UK advocacy group "Bitcoin Policy UK" urges the new government to leverage Bitcoin mining to strengthen the country's renewable energy grid."Bitcoin mining is the only technology that can provide fully elastic demand for surplus renewable energy; it sets a 'floor price' and monetizes the supply, which would otherwise go unused or even be reduced to cost price."

ChainCatcher news, according to CoinDesk, mining company Marathon Digital has held talks with Kenyan government departments to help manage the country's renewable energy through mining and assist in researching its cryptocurrency framework.Marathon Digital's Vice President of Government Affairs, Jayson Browder, stated, "We have been working closely with the Kenyan government to explore how to optimize renewable energy assets and monetize them."

ChainCatcher news, energy company Nodal Power announced the completion of a $13 million seed round financing, aimed at actively curbing methane emissions from landfills while harnessing its potential energy to power Bitcoin mining data centers.A significant portion of the funding has already been allocated to the construction and operation of two power plants in the United States. The first power plant is located in the southeastern United States and features a data center that efficiently distributes energy between utilities and the data center. The second site is located in the western mountainous region of the United States, housing a groundbreaking off-grid Bitcoin mining data center powered by landfill gas. More funding is currently planned for the development of a third site, which is expected to be operational by early 2024.

ChainCatcher news, according to Bitcoin Magazine, El Salvador plans to build a 241MW renewable energy generation park, which includes 169MW of photovoltaic solar power and 72MW of wind power, and plans to establish a Bitcoin mining facility within the park. The total investment for the project is $1 billion, with an initial investment of $250 million. (source link)