Stay updated with breaking news from Ercot. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With triple-digit heat and less wind and sunlight expected Thursday, tight conditions are expected again on the Texas power grid in the afternoon and evening,...
To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.
Crypto mining company Riot Platforms has revealed that it got $31.7 million in energy credits in August alone from Texas power grid operator ERCOT, CNBC reports — simply by cutting down on its massive energy consumption during a massive heatwave. In other words, the state's largest and independent power supplier, which accounts for roughly 90 […]
Texas’ power grid manager on Thursday again asked residents to cut their electricity use as the state endures another stretch of sizzling summer heat. The request by the Electric Reliability Council of Texas, which serves most of the state’s 30 million residents, came a day after low energy reserves prompted the grid operator to issue a level 2 energy emergency alert. Operating reserves fell as demand surged amid the heat, and power from wind and solar energy sources proved insufficient, according to ERCOT.
Riot Platforms is losing so much money that it’s counting on energy credits from selling power back to the Texas grid to keep its costs under control, reports said.