Energy Markets ▸ Virtual Power Plants ▸ Grid Services ▸ Distributed Energy Resources ▸ Demand Response
🐉 When China banned crypto mining in 2018, it sparked an exodus that would reshape the energy landscape of the United States 🦅 Terawatts of power immigrated to the USA and David Chernis was at the inception of democratizing access to energy markets for Crypto Miners and now AI Compute companies. As Director of Flexible Compute Platforms for CPower Energy he works alongside the largest and most established AI compute and mining companies in the space today., TeraWulf Auradine , Hiveon, OBM, Inc. Inc. Here my main highlights from his keynote at 2024 Bitcoin Mining World ⚡️ 🔌 Mining companies are evolving beyond crypto. With established energy infrastructure and extensive rack space, they're now incorporating AI GPUs, unlocking revenue streams up to 10 times more lucrative than traditional mining. This pivot is transforming mining facilities into incubators for next-gen Al compute power. 🚀 Demand Response is the competitive edge in mining. The most innovative operators in deregulated markets are slashing energy costs by 20% and boosting revenue by 15-40% through strategic participation in demand response programs. 📈 CPower is in the business of giving out demand response checks and lowering Energy OPEX. Being ready to adjust operations during peak demand (~ 4-5 times yearly), can earn $70,000 - $100,000 in passive revenue. Grid Operators want an insurance policy for the grid and are willing to pay out hundreds of thousands of dollars for it. ⚙️ GPUs in mining facilities can be curtailed within seconds, ideal for grid services typically only available for physical power plants like frequency regulation. Al workloads can continue training by auto-tuning to grid demands, and potentially increase revenue by 10-20x by participating in automated flexible grid services without sacrificing computation. 🔋 Virtual Power Plants will continue to play a role in the future of High Performance Computing. As mining and AI data centers evolve into grid-balancing powerhouses, they won’t just be powering the technologies that will make American lives easier and better— they'll also be contributing to grid stability and enabling a renewable energy future. 🦶Footnote: The convergence of Crypto, Al, and energy markets is a historical singularity of opportunity and as a student fresh out of college I am proud to be working at an USA BASED company that is leading these efforts by visionaries like David that are making this future possible.
CPower’s Director, Flexible Compute Platforms, David Chernis joined Bitcoin Mining World to discuss how #demandresponse gives #bitcoin miners a competitive edge, opportunities for bolstering the grid amid the #AI boom and how automation enables energy users to leverage their flexibility for #grid services 👇
Director, Flexible Compute Platforms
1moThank you Leonardo Cruz 🔋, we are all lucky to have you on our team at CPower Energy! Your intelligence and work ethic are truly impressive, and your generative AI knowledge is a real asset. Looking forward to great things ahead with you!