Auradine Partners with CPower and Voltus to Enable Rapid Energy Demand Response and Grid Stability Through EnergyTune™ Technology
June 18 2024 - 9:00AM
Today, Auradine, a leading provider of next-generation internet
infrastructure solutions for blockchain and GenAI, announced
partnerships with CPower Energy (“CPower”) and Voltus, national
leaders in distributed energy resources management and virtual
power plants, to enable rapid energy demand and price response to
support a sustainable electricity ecosystem.
The partnerships leverage Auradine’s patent-pending EnergyTune™
technology, enabling Bitcoin miners to rapidly curtail their energy
consumption during peak consumer demand times and increase
production when the grid experiences surplus. This contributes to
energy ecosystem resilience by dynamically matching demand with
supply, further ensuring grid stability. Through these partnerships
and its highly efficient semiconductor chips, Auradine continues
its focus on designing a sustainable Bitcoin mining ecosystem that
can be deployed in places that have traditionally been labeled as
inhospitable for data-center-scale technologies.
“Auradine's partnership with CPower and Voltus marks a
significant advancement in the integration of demand response
capabilities within the Bitcoin mining industry,” said Rajiv
Khemani, co-founder and CEO of Auradine. “Our EnergyTune™
technology swiftly empowers miners to adjust their energy
consumption based on real-time grid needs, enhancing operational
efficiency and grid stability. This collaboration highlights our
dedication to fostering sustainable practices and innovative energy
management in the blockchain sector."
Auradine's innovative technology offers several key benefits for
Bitcoin miners, including:
- Rapid energy demand response: Miners can participate in
programs offered by local power grid operators to reduce energy
consumption during high-demand periods, providing an additional
revenue stream.
- Energy pricing response: Miners can sell energy back to the
electrical grid when the spot price is higher than the contracted
energy price.
- Operational flexibility and sustainability advancements: The
rapid adjustment of mining hashing output enables miners to
optimize their energy usage based on their operational needs.
"As the nation’s largest portfolio of flexible virtual power
plant capacity, including hundreds of megawatts of mining sites
across the country, we are advancing towards a more sustainable
future by unlocking the full potential of distributed energy
resources in collaboration with Auradine, who shares our vision of
pursuing a flexible, clean, and dependable energy future,” said
Glenn Bogarde, Senior Vice President – Sales, Marketing and
Customer Experience, CPower.
Auradine owns the entire technology stack — from firmware to
software and hardware — demonstrating its capability to innovate
and maintain high performance and integration in the energy and
Bitcoin mining sectors. This innovative approach to infrastructure
management and deployment reduces dependence on third-party
components, saving time, energy, and capital.
"We are pleased to have Auradine as our first direct OEM
partner. This partnership provides our current and future customers
an integration to accurately and quickly respond to grid events,”
said Neil Lakin, Voltus's Chief Technology Officer.
To learn more about Auradine, please visit auradine.com.
About AuradineAuradine is a leader in
blockchain, security, and GenAI internet infrastructure solutions.
The company provides groundbreaking software, hardware, and cloud
offerings to enable scalable, sustainable, and secure solutions.
Founded in 2022 by a team of seasoned entrepreneurs and
technologists, Auradine boasts deep expertise and a proven track
record in semiconductors, SaaS, and systems. Auradine is committed
to innovation and excellence and is headquartered in Silicon
Valley, California. For more information, visit
www.auradine.com.
Media Contact: Sanjay Gupta
media@auradine.com