A bitcoin mining center in Ohio will get 100% clean energy from a nearby nuclear plant, after an agreement between Energy Harbor and Standard Power. Companies announced last week their 5-year agreement; under which Energy Harbor will provide clean energy from its nuclear fleet, to Standard Power’s bitcoin mining center.
Firstly, the agreement will begin in December, 2021. Under its terms Energy Harbor will power with carbon free electricity the Bitcoin blockchain mining center in Coshocton, Ohio. Standard Power is a leading infrastructure service provider for advanced data processing companies; and also, a leading hosting provider for blockchain mining companies.
Consequently, the agreement will help Standard Power to revitalize an abandoned Ohio paper mill; into a state-of-the-art facility that brings new jobs to the region. It will also help the company to achieve its sustainability objectives; by powering the Bitcoin blockchain mining center with Energy Harbor’s clean, sustainable, locally generated nuclear electricity.
Secondly, the agreement will also help to bring reliability and stability to the transmission grid; as the company will shut down operations when the electric grid and other Ohio customers need the power the most.
Thirdly, about the relevance of the agreement, Energy Harbor President and CEO, John Judge said. “We are grateful that Standard Power has granted us the opportunity to serve their bitcoin mining center. We are happy to partner with customers who are focused on minimizing their impact on the environment; while driving a new clean energy future in our local Ohio economy.”
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Bitcoin mining powered by nuclear on the rise
Hye also said. “This is another example of the value we provide to our customers and communities; specially as we continue our growth strategy across all sales channels within our retail business.”
On the other hand, Maxim Serezhin, Standard Power’s CEO, said. “Bitcoin blockchain mining centers are energy intensive; we recognize our responsibility to build a more environmentally sustainable future.”
Furthermore, he said. “We selected Ohio because of its low electricity costs with availability of carbon-free sources of energy. By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure that 100% of the power associated with this facility is carbon-free.”
Finally, this is not the only bitcoin mining center that will be powered by nuclear. Earlier this month, Talen Energy announced its plans develop a nuclear-power crypto mining facility adjacent to a nuclear plant that would mount to 300 megawatts of capacity. Read more about this project, here.