CPower Energy Management announced at POWERGEN International 2022 that it has implemented a new crypto mining customer, Verakari, a cryptocurrency host offering enterprise miners secure, high-tech, cost-effective facilities in strategic locations around the globe.

CPower’s recently launched EnerWise Site Optimization is an artificial intelligence-powered engine that helps distributed energy resource (DER) owners and developers manage and monetize all of their DERs across multiple energy markets and utility programs simultaneously by analyzing the latest market and grid conditions. When integrated with Verakari’s crypto mine design — including network components, electrical infrastructure, custom-built software elements, custom demand response hardware components, and operations protocols — CPower will help Verakari’s Pennsylvania crypto mining site better align with price, demand and marginal emissions signals in PJM Interconnection. As a result, Verakari will reduce its energy costs while helping to create a more reliable and sustainable grid, CPower said.

Verakari’s ability to rapidly curtail load through EnerWise Site Optimization the Verakari site to be used like a reverse battery anytime the region needs more power. Verakari will achieve grid revenue and on-bill savings as the site redirects carbon-free power to help PJM reduce its reliance on fossil fuel resources.

“Verakari is always looking for ways to enable a cleaner and more reliable grid for ourselves and our local community while limiting interruption at our site. Working with CPower means getting paid for becoming a flexible power use site during a limited number of peak or critical hours across the year to balance the grid while advancing our sustainability initiatives,” said Tim Sandau, chief executive officer at Verakari. “CPower’s AI program is easily adaptable, making it a natural support solution for our crypto mining efforts and mobile data center deployments across the country.”

Across the U.S., CPower manages about 318 MW of DERs for data centers and more than 5.3 GW of DERs in total for commercial and industrial businesses, including big box retail, commercial real estate, manufacturing, production and industrial processing, government, healthcare and education.

Two CPower experts will be speaking at PowerGen International to highlight DER monetization and resiliency strategies:

●      Michael Mindell, Senior Account Executive – National: “One Year Later: Lessons Learned from Winter Storm Uri and How Demand-side Solutions Can Help Address Remaining Vulnerabilities,” Tuesday, May 24 at 10:30 am CT

●      Millie Knowlton, Director – Distributed Energy: “Preparing for Energy Markets with Automated Optimization of Customer Energy Assets,” Wednesday, May 25 at 9:30 am CT

To learn more, visit CPower at Booth 3825.

This post appeared first on Power Engineering.