Deutsche Telekom's subsidiary MMS has partnered with the German private bank Bankhaus Metzler to launch a pilot project for Bitcoin mining infrastructure, aimed at utilizing surplus renewable energy for Bitcoin mining and providing data support for grid stability. The project, named "Digital Currency Photosynthesis," will make use of surplus renewable energy that cannot be connected to the grid or lacks storage options. The mining equipment is managed by Metis Solutions GmbH, with the mining machine containers located at Riva GmbH Engineering's site. Deutsche Telekom MMS is responsible for the operation of the equipment, while Bankhaus Metzler is responsible for defining and analyzing the test operations and data evaluation.

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<p>According to a report from 深潮 TechFlow on November 4, Deutsche Telekom's subsidiary MMS has partnered with the German private bank Bankhaus Metzler to launch an innovative pilot project for Bitcoin mining infrastructure. The project aims to utilize surplus renewable energy for Bitcoin mining and provide data support for grid stability. This pilot project, named "Digital Currency Photosynthesis," will take advantage of surplus renewable energy that cannot be connected to the grid or lacks storage options.</p>
<p>As the generation of renewable energy increases, particularly with the irregularity of photovoltaic and wind power, the balance of the grid faces greater challenges. The project plans to provide power regulation through Bitcoin mining, a practice that has been successfully implemented in countries such as the United States and Finland. Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS, stated: "With the increase in renewable energy, we need mechanisms that can respond quickly to changes and absorb fluctuations. Bitcoin miners may play a significant role in balancing grid supply and demand in the future."</p>
<p>The mining equipment for the project is managed by Metis Solutions GmbH in Dresden, with the mining containers located at the site of Riva GmbH Engineering in Buckenhan, which has its own photovoltaic power generation system. Deutsche Telekom MMS is responsible for the operation of the equipment, while Bankhaus Metzler is tasked with defining and analyzing the test operations and data evaluation.</p>
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Deutsche Telekom Launches Bitcoin Mining Pilot Project to Stabilize the Power Grid Using Surplus Renewable Energy