Deutsche Telekom subsidiary MMS partners with Bankhaus Metzler to set up a Bitcoin mining pilot using excess renewable energy to stabilize energy grids.
MMS, a subsidiary of Europe’s top telecommunications company Deutsche Telekom, has partnered with Bankhaus Metzler to explore Bitcoin mining using excess renewable energy.
This pilot project in Germany aims to utilize extra power generated from renewable sources, such as solar and wind, to create a sustainable solution that stabilizes energy grids during times of high production.
Deutsche Telekom Subsidiary To Start Testing Bitcoin Mining Infrastructure
In a recent press release, MMS announced its collaboration with Bankhaus Metzler to test Bitcoin mining as a way to balance Germany’s variable renewable energy output.
This approach addresses key energy challenges, particularly the efficient use of excess renewable power, which is often wasted due to grid limitations or insufficient storage.
Oliver Nyderle, Head of Digital Trust & Web3 Infrastructure at MMS, described this process as “digital monetary photosynthesis,” noting that it could transform surplus energy into digital assets and act as a tool for managing grid fluctuations.
The mining operations will take place at Metis Solutions GmbH, located at Riva GmbH Engineering in Backnang, which has its own photovoltaic setup.
MMS will oversee the mining equipment using its expertise in web3 infrastructure, while Metis Solutions will handle the facility’s operations.
Through this partnership, MMS and Bankhaus Metzler are examining Bitcoin mining’s potential to stabilize energy demand and supply, benefiting solar and wind energy producers who experience inconsistent power generation.
