A recent study led by investigators from Cornell University has outlined how Bitcoin can help finance renewable energy installations by using surplus power even while these facilities are not yet integrated into the U.S. power grid. Texas is said to be one of the states with the most potential.
Cornell Study Outlines How Bitcoin Can Help Sustain Renewable Energy Projects
A study titled “From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action,” completed by Cornell University investigators, explains that Bitcoin can be a positive element for deploying renewable energy projects in the U.S.
The study claims that during the pre-commercial development phase, when mining facilities are still under development but capable of generating energy, some developers could profit from Bitcoin mining.
Of all the states examined by researchers, Texas presents some of the greatest potential to take advantage of these possibilities, hosting 32 projects that
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