Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners.
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs.
Basically, DR gives energy consumers the ability to operate the grid more efficiently by reducing or shifting loads. For instance, with bitcoin mining, by being able to “strategically locate miners on the system — There’s an opportunity to partner with these types of customers,” Orkney said.
“We are exploring general concepts in the customer phase — I am working on a Bitcoin demand response study on incorporating Bitcoin mining capacity into our system with a focus on demand response functionality — We look forward to testing the technology,” Justin Orkney, the lead rates and regulatory strategy analyst at Duke detailed during the interview.
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