The partnership implements CPower’s EnerWise⁇ Site optimization, allowing the new cryptographic client to meet multiple network needs with clean power sources while maximizing site energy savings.
DALLAS, May 23, 2022 / PRNewswire / – PowerGen International 2022 today’s leading national energy solutions provider CPower Energy Management (“CPower”) announced a boost following its recent EnerWiseTM Launch of site optimization, with the successful deployment of new cryptocurrency mining client Verakari, a pioneer in cryptocurrency hosting that provides the most demanding business miners with secure, high-tech and cost-effective facilities in strategic locations around the world.
CPower’s EnerWise site optimization is an artificial intelligence-powered engine that helps owners and developers of distributed energy resources (DERs) manage and monetize all of their DERs across multiple energy markets and utility programs while analyzing the latest market and network conditions.
When integrated with the design of the Verakari cryptographic mine, including network components, electrical infrastructure, custom software elements, custom demand response hardware components, and innovative operating protocols, CPower will help the business. Pennsylvania The cryptographic mining site better aligns with marginal price, demand, and emissions signals at PJM Interconnection, the largest U.S. network operator. UU. As a result, Verakari will reduce its energy costs while helping to create a more reliable and sustainable network.
Verakari’s ability to quickly reduce load by optimizing CPower’s EnerWise site allows the network to use the Verakari site as a reverse battery whenever the region needs more power. By optimizing CPower’s EnerWise site, Verakari will achieve network revenue and bill savings as Verakari’s site redirects carbon-free energy to help PJM reduce its dependence on fossil fuel resources.
“Verakari is always looking for ways to enable a cleaner and more reliable network for ourselves and our local community while limiting disruptions to our site. Working with CPower means charging for becoming a flexible power site for a while. limited number of peak or critical hours throughout the year to balance the network as we move forward with our sustainability initiatives, “he said. Tim Sandau, CEO and Verakari. “CPower’s artificial intelligence program is easily adaptable, so it’s a natural support solution for our cryptographic mining efforts and mobile data center deployments across the country.”
Verakari is just one of CPower’s cryptographic mining clients. In the United States, CPower manages approximately 318 MW of DER for data centers and more than 5.3 GW of DER in total for commercial and industrial businesses, including large retailers, commercial real estate, manufacturing, manufacturing, and industrial processing. government, health and education.
“With the United States now hosting more cryptographic companies than any other country in the world, we are seeing a concerted effort by this industry to use flexible load reduction and behind – the – counter assets to keep costs low and provide key network services. , with the holistic goal of focusing on reducing emissions and other ESG initiatives, “he said Glenn Bogarde, Senior Vice President – Sales, CPower. “We look forward to helping miners like Verakari and other energy-intensive industries get the most out of their DERs through real-time intelligence and EnerWise Site Optimization automation.”
Energy Thinking Leaders Present Opportunities to Unlock Distributed Generation Value, DER at PowerGen International
CPower experts will speak at PowerGen International to highlight DER’s monetization and resilience strategies:
- Michael MindellSenior Account Executive – National, CPower: “A Year Later: Lessons Learned from Uri winter storm and how demand-side solutions can help address the remaining vulnerabilities. ” Tuesday, May 24th @ 10:30 CT (more info here).
- Millie KnowltonDirector – Distributed Energy, CPower: “Preparing for Energy Markets with Automated Optimization of Customer Energy Assets” en Wednesday, May 25 @ 9:30 CT (more info here).
For more information, visit CPower at PowerGen International Stand No. 3825 May 23-25 at the Kay Bailey Hutchison Convention Center in Dallas.
About CPower Energy Management
CPower Energy Management is the leading national provider of energy solutions that guides customers towards a clean and reliable energy future. We manage more than 5.3 GW of customer capacity in the United States, forming virtual power plants that are good for the network and excellent for the community. CPower maximizes the value of our customers’ electricity loads, facility assets, and distributed energy resources while providing flexibility, capacity, and other ancillary services to the grid. With more than two decades of experience, we have grown to offer more than 55 local energy programs, partnering with network and utility operators to service more than 12,000 sites, delivering approximately 286,000 metric tons of CO2.2 reductions only in 2021. CPower is based on Baltimore, Maryland and is owned by LS Power, a development, investment and operation company focused on the electrical and energy infrastructure sector. For more information, visit: www.cpowerenergymanagement.com.
Verakari is a pioneer in cryptocurrency mining hosting that provides the most demanding business miners with secure, high-tech and cost-effective facilities in strategic locations around the world. The company’s state-of-the-art data centers are turnkey, specially built to ensure security and durability, and are equipped with innovative, integrated proprietary software. With over one hundred thousand deployed miners, Verakari was built by some of the most experienced miners North America, an elite team of veteran trusted cryptographic industry leaders from some of the world’s leading brands. For more information visit www.verakari.com or contact us at [email protected].
SOURCE CPower Energy Management