If we can turn excess and stranded energy into a store of value then the renewables industry will become more cost-effective and economically viable. It would provide money to invest and regenerate, making the industry and its companies even more sustainable by providing investment for the future and consuming stranded energy.

Excess natural gas and geothermal are also being utilised. Some renewable plants need to switch off production when there is a chance of overloading the grid. By switching this excess power over to Bitcoin mining it could help stabilise the grid. Bitcoin provides a solution for using this excess energy while creating value.

Bitcoin promotes energy independence and this benefit cannot be overstated. Eventually, mining could become a matter of National Security. Countries that produce cheap energy will be independent because they want to mine cheaply and sustainably. The countries that understand the technology, mathematics and engineering behind this will have a geopolitical advantage. A world with more localised energy production is a more robust world.

Mining Bitcoin can assist with our climate goals. There are many projects already up and running. Initiatives such as Gridless Compute work in Africa to mine bitcoin while stabilising grids to prevent brown-outs from excess renewable energy. Vespene Energy is using micro-turbines for harnessing waste methane from multiple landfill sites, preventing the methane from being released into the atmosphere. In Texas, Bitcoin miners have returned energy to the grid when additional electricity is required in extreme hot and cold temperatures. These are just a small number of examples.