{"id":27714,"date":"2022-05-23T11:42:00","date_gmt":"2022-05-23T15:42:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27714"},"modified":"2022-05-23T11:42:10","modified_gmt":"2022-05-23T15:42:10","slug":"verakari-to-utilize-cpower-for-energy-resource","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/verakari-to-utilize-cpower-for-energy-resource\/","title":{"rendered":"Verakari Crypto Mines to Utilize CPower for Distributed Energy Resource Optimization"},"content":{"rendered":"\n

Today at\u00a0PowerGen International 2022\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, leading, national energy solutions provider CPower Energy Management (“CPower<\/use><\/svg><\/span><\/a>“) announced momentum following its\u00a0recent EnerWiseTM<\/sup>\u00a0Site Optimization launch, with the successful implementation of new crypto mining customer. <\/p>\n\n\n\n

\"Verakari
Verakari Crypto Mines to Utilize CPower for Distributed Energy Resource Optimization<\/figcaption><\/figure><\/div>\n\n\n\n

Verakari, a cryptocurrency hosting pioneer offering discerning enterprise miners secure, high-tech, cost-effective facilities in strategic locations around the globe.\u00a0<\/p>\n\n\n\n

CPower's EnerWise Site Optimization is an artificial intelligence-powered engine that helps Distributed Energy Resource<\/use><\/svg><\/span><\/a> (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.\u00a0<\/p>\n\n\n\n

When integrated with Verakari's crypto mine design, including network components, electrical infrastructure, custom-built software elements, custom demand response hardware components, and innovative operations protocols.<\/p>\n\n\n\n

CPower will help the company's Pennsylvania crypto mining site better align with price, demand, and marginal emissions signals in PJM Interconnection, the largest grid operator in the U.S. As a result, Verakari<\/use><\/svg><\/span><\/a> will reduce its energy costs while helping to create a more reliable and sustainable grid.\u00a0<\/p>\n\n\n\n

Verakari's ability to rapidly curtail load through CPower's EnerWise Site Optimization allows the grid to utilize the Verakari site like a reverse battery anytime the region needs more power. <\/p>\n\n\n\n

Through CPower's EnerWise Site Optimization, Verakari will achieve grid revenue and on-bill savings as the Verakari site redirects carbon free power to help PJM reduce its reliance on fossil fuel resources.\u00a0<\/p>\n\n\n\n

“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, CEO at Verakari. <\/p>

“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.”<\/p><\/blockquote>\n\n\n\n

Verakari is just one of CPower's crypto mining<\/a> customers. Across the U.S., CPower manages approximately 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.<\/p>\n\n\n\n

“With the U.S. now hosting more crypto companies than any other country in the world, we're seeing a concerted effort from this industry to use flexible load curtailment and behind-the-meter assets to keep costs down and provide key services to the grid, with the holistic goal of focusing on their emissions reduction and other ESG initiatives,” said Glenn Bogarde, senior vice president \u2013 Sales, CPower. <\/p>\n\n\n\n

“We look forward to helping miners like Verakari and other energy-intensive industries get the most out of their DERs through the real-time intelligence and automation of EnerWise Site Optimization.”\u00a0<\/p>\n\n\n\n

Energy Thought Leaders Showcase Opportunities to Unlock Value of Distributed Generation, DERs at PowerGen International <\/em><\/strong><\/p>\n\n\n\n

CPower experts will be speaking at PowerGen International to highlight DER monetization and resiliency strategies:<\/p>\n\n\n\n