Houston-based GTherm has announced its GTherm Comprehensive Energy System (GTSystem) is a low-cost energy providing solution for data centres serving the bitcoin and cryptocurrency markets. The GTSystem uses both CO2 sequestration and CO2 absorption to create net-zero baseload power. This nonstop system provides viable economics for Bitcoin and CryptoCurrency data centres.
As cryptocurrency mining is taking off around the world, the success of these data centres is tied to the consistent stream of low-cost electricity for computers and other machinery. The system is off-grid, eliminating grid permitting and connection delays. Often, getting the needed materials and legacy systems to operate such as electrical transformers, grid permitting and switches can take years as local governments highly regulate access to power grids.
With the implementation of the GTSystem, which uses both carbon capture and carbon sequestration, net-zero low-cost power can be achieved, and more importantly, sustained for these data centres. A patented modular implementation of the technology is used to generate power that achieves five-nine reliability. This nonstop system minimises the risk of generation failures caused by a polar vortex or other unpredictable events, allowing reliable electric generation for the data centre.
The GTSystem generates clean baseload electricity by implementing the electric generation on an oil and gas reservoir and sequestering CO2 from power generation into the oil reservoir as oil and gas are extracted, contributing to the enhanced oil recovery. There is no flaring of gas and the oil extraction does not utilise fracking. Low-cost hydrocarbons are used as the fuel for power generation allowing for the production of net-zero electricity. This efficient alternative is appropriately priced for the Bitcoin and CryptoCurrency transaction processing markets.
The GTSystem allows for profitable secondary use of the surface land of the reservoir. A portion of the separated CO2 and nitrogen from the generation of electricity is used to simulate crop growth in greenhouses. Growing food through photosynthesis absorbs CO2 and produces a large quantity of oxygen (much more than planting trees) generating carbon credits. The controlled greenhouses, with stimulated growing, results in accelerated food growth and increase sales of products with improved margins.
As an option, a portion of the clean electricity can be used to effectively produce net-zero low-cost bulk hydrogen using electrolysis (no CO2 generated). The hydrogen can then be used in place of natural gas and gasoline/ diesel fuel.