Bitcoin can help regulate electrical demand and supply mismatches.
Supply and demand mismatches cause imbalances. Excess supply can result in damaging over-voltage or frequency fluctuations. Insufficient supply causes service-disrupting, brownouts or blackouts. These imbalances are an inconvenience to customers and drive up electricity costs as suppliers are forced to source more expensive power to meet demand.
The landmass of Africa also makes supply remote regions uneconomical, maintenance expensive and investment costly.
NRG Bloom provides a vital solution to enhance electrical grid stability. By adjusting energy consumption to on/off-peak hours, we effectively smooth the demand curve. This approach helps mitigate risks associated with energy deficits or overloads, fostering a constant load that enhances grid stability and operational efficiency.
Our predictable demand encourages better resource planning, efficient use of renewables, and reduced costs associated with demand changes.
Throughout our work we focus on how to solve challenges.
Africa is a unique continent with an abundance of resources.