Data Center Company Works With Texas Retail Electric Provider To Offer Demand Response Solution For High-Throughput Computing And Cryptocurrency Miners
Said To Be First Load-Only Controllable Load Resource In ERCOT
June 19, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
"Lancium, a data center technology company, and MP2 Energy, a wholly-owned subsidiary of Shell Energy North America (US), L.P., today announced the first successful load-only Controllable Load Resource (CLR) designation by the Electric Reliability Council of Texas (ERCOT)," Lancium said in a news release
"While available since 2004, achieving this designation is a first in ERCOT for a load only and without generation. Power consumption can be the single largest expense for companies that play in the High-Throughput Computing (HTC) space, like machine learning, cryptocurrency mining, and fluid simulations, and this energy optimization option can significantly reduce those costs," Lancium said in a news release
"High-Throughput Computing data centers are electricity intensive and energy demand from these data centers is growing around the world. This solution from Lancium and MP2 Energy allows customers to decrease data center power consumption and dispatch excess energy into the energy grid during times when energy is most expensive. Conversely, they can resume power consumption during low price periods. With this revolutionary advancement, data centers will also be able to earn additional revenue providing ancillary services to ERCOT like a traditional generator; they can respond to ERCOT instructions in seconds while simultaneously providing Primary Frequency Response to stabilize the grid," Lancium said in a news release
"Taken together, these solutions will have the potential to allow data center customers to reduce their average electricity costs by more than 50 percent. It also allows them to respond to ERCOT instructions in seconds, to meet the response characteristics required for CLR," Lancium said in a news release
In a news release from Lancium, MP2 Chief Executive Officer David Black was quoted as stating, "The increasing volatility of energy supply associated with greater levels of renewable power creates reliability challenges for the electricity grid. This product helps to stabilize the grid in an extremely effective manner, reach new customers and positions us as a leader in demand response, not only in ERCOT, but throughout the U.S."
Lancium said that the Controllable Load Resource designation was achieved at the Compute North Data Center in Big Spring, TX. Compute North provides in high-powered, large-scale data infrastructure for blockchain, cryptocurrency mining and the broader high-performance computing space.