RE: Ercot news22 Jul 2022 10:26
Grid balancing (storage and demand management, variable pricing etc) is probably the most significant technological innovation field in sustainable energy at the moment (from latent/battery tech, to smart metering and supply throttling). Anyone who is not orienting their investment plays on that assumption is not watching which way the wind is blowing (if you pardon the pun). There are two sides to the equation - bears are only looking at the supply side risk. The counter argument is that variable power contracts will soon be the norm for all electrical consumers (both industrial and domestic). That's not only a necessary condition for power managing but is the innovation that will drive expansion, viability and profitability of the energy generation sector. Bitcoin miners are just at the forefront of that at the moment, which is why the generators and grid managers need them.