RATE Group | Layer1 Stabilizes Texas Grids With ‘Bitcoin Batteries’
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Layer1 Stabilizes Texas Grids With ‘Bitcoin Batteries’

22 May Layer1 Stabilizes Texas Grids With ‘Bitcoin Batteries’

Posted at 21:32h in Bitcoin News by

U.S.-based Bitcoin (BTC) mining datacenter operator Layer1 Technologies has deployed its mining containers as “Bitcoin Batteries” comprising large-scale energy storage systems.

Layer1 asserts that its bitcoin batteries will help stabilize Texas’ seasonally volatile energy market by releasing electricity to meet demand.

“By centralizing the consumption and release of multiple megawatts per data center container, Layer1’s Bitcoin Batteries stabilize national and local energy grids that frequently suffer from the demand shacks,” the firm stated.

Bitcoin Batteries to stabilize electricity market

With the installation of the Bitcoin Batteries, Layer1 co-founder and CEO Alexander Liegl claims the mining firm is “the first company in the global Bitcoin mining industry that can curtail large amounts of energy consumption during times of market need and release it to the grid at the push of a button.”

We are the first company to perfectly align the economic incentives of…

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