Digihost Technology Inc. has entered right into a long-term deal to buy neighborhood solar credit from a close-by neighborhood solar farm. The mission, situated in National Grid territory, is being managed by EnergyMark. The neighborhood solar mission is 5 MW and can produce roughly 9,500,000 kWh of electrical energy yearly.
Digihost’s present East Delavan, N.Y., facility would be the anchor subscriber to the mission. This facility is situated in New York’s Zone-A area, the place greater than 90% of the power consumed is from zero-emissions era. The long-term settlement will additional scale back Digihost’s already low carbon footprint for its BTC mining operations and permit the corporate to use the neighborhood solar credit acquired pursuant to the settlement towards future utility payments.
The solar farm is anticipated to start producing electrical energy by This autumn 2022.
The settlement was entered into by the corporate in accordance with its DigiGreen Initiative, whereby Digihost is dedicated to attaining internet zero emissions from its BTC mining operations by 2030. In addition to almost emission free electrical energy at its East Delavan facility, Digihost at the moment participates in a number of demand response applications, which support in grid reliability throughout occasions of heightened volatility, and additional reduces carbon emissions. The firm is at the moment mining with higher than 90% zero emissions from its power consumption.
“Continued investment and support from the blockchain industry will accelerate the growth of renewable electricity in the United States,” says Luke Marchiori, Digihost’s chief renewable energy officer. “This long-term community solar agreement with EnergyMark demonstrates our continued commitment to sustainable mining and renewable energy development. As we grow and increase electricity consumption, we will align with additional distributed energy resources that can further reduce our carbon footprint and continue to provide essential grid reliability.”