Kenya’s largest power generator to sell surplus energy to miners

Kenya’s generating company KenGen, focused on renewable energy, will supply excess energy to bitcoin miners. The Standard The Standard with reference to Peketsa Mwangi, the company’s director of geothermal energy development.

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We will host them here, since we have space near energy sources, which contributes to stability,\” he said.

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According to the publication, KenGen has vacant plots near one of the geothermal stations in the Olkaria area. The space is planned to be leased to firms engaged in mining the first cryptocurrency.

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KenGen believes that attracting miners will spur demand for further development of the company’s ecosystem. The use of green energy will also bolster the environmental sustainability of bitcoin mining operations.

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Earlier, Salvador began testing the mining of the first cryptocurrency on geothermal volcanic energy. The initiative did not pass without criticism — the ecologist Ricardo Navarro, laureate of a prestigious prize, noted that the use of these sources will be more expensive than burning oil.

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In April 2022, a group of US congressmen urged the Environmental Protection Agency to examine the mining industry for environmental risks and compliance with applicable laws.

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In the Bitcoin Mining Council rejected these concerns.