The industry-leading Southeast Renewable Energy Summit was successfully held on November 30th in Charlotte, NC. This event brought together key policymakers, critical decision makers and senior leaders from utility and renewable energy players from the most dynamic states – including North Carolina, Virginia, Georgia, Louisiana, Mississippi, Tennessee and Kentucky – to deliver the most definitive updates on the Problems and opportunities in the energy industry. As a proud sponsor and fully integrated crypto mining company, JDK Capital has brought some unique insights from the off-taker perspective.
The event was an assessment of the current MISO grid energy review and covered the following main topics: renewable energy generation, load sharing, off-takers for renewable energy projects and the potential impact of IRA HB951 (Inflation Reduction Act HB951).
Renewable energies new development:
Renewable energies are currently in abundance, as is the energy demand. The goal of the IRA is that by 2030, MISO must reduce 60% of carbon emissions, meaning the original coal mining farm, the gas farm, must convert its current energy load into clean energy or purchase tax credits from the farm for renewable energy (discussed in detail in a later Side). In order for the IRA’s goal to be achieved, each state’s IRP (Integrated Resources Planning) must be deployed immediately and construction must begin. Most countries have set themselves the goal of reducing CO2 emissions by 70% by 2030.
Currently, MISO has 120 GW of renewable energy and 290 GW in queue.
Customer & PPA:
Off-takers who offer unique PPA deals and can balance and smooth the grid are becoming more preferred by renewable energy developers. The surplus of renewable energy in the queue makes it even more likely for the committee to approve projects with such pending offtakes.
Off-takers such as JDK Capital and Meta are encouraged to position themselves strategically in the PPA negotiation process with the prospective new developments.
About JDK Capital:
JDK Capital is the world’s leading digital infrastructure asset investor and crypto mining service provider. The company owns several ESG-oriented digital infrastructure assets such as Unipow. Unipow provides cloud computing power to support the tremendous development of digital infrastructure. It allows retail investors to own part of the digital infrastructure and computing power, and provides investors with a comprehensive, transparent and effective tool to acquire digital assets, as well as a secure, stable and low-cost hash rate. Excellent ROI was achieved for the two PoW funds raised in 2019 and 2020 respectively.
In addition, JDK is also actively researching the application of renewable energy and adapting the latest energy technology, and is committed to minimizing the carbon footprint of cryptocurrency mining