Part 7/17:
Dan touches on Texas as an ideal environment for such innovation due to its pro-business climate and extensive renewable resources. Texas's openness to open markets and renewable investments makes it uniquely suited to leverage demand response strategies. He explains that Texas's energy landscape is among the top globally for renewable output, yet it suffers from infrastructure constraints like limited transmission capacity.
He outlines how Bitcoin miners in Texas are uniquely positioned to help power grids by responding instantaneously to market signals, shutting down or throttling operations during peak hours, and thus contributing to grid stability. This symbiosis supports the renewable buildout, potentially enabling more green energy projects by creating a reliable demand.