In Brief:
- Lonsdale Energy Corporation switches to a decarbonized heating alternative.
- Mintgreen’s Digital Boilers are expected to prevent 20,000 tonnes of GHGs from entering the atmosphere
- Digital Boiler is capable of recovering more than 96% of electricity used for mining in the form of heat energy.
In an exciting crypto development, it has been reported that MintGreen has partnered with North Vancouver’s energy provider. This feat would establish North Vancouver as the first city in the world to use bitcoin mining for heating purposes.
Lonsdale Energy Corporation(LEC), the award-winning district energy provider owned by the city of North Vancouver has joined the bandwagon of sustainable energy utilities. Previously dependent on hydronic energy systems, North Vancouver(a city in British Columbia) had been delivering heat to 100 residences and commercial complexes.
The City and LEC has taken upon itself to reduce the urban carbon footprints by moving to a novel technology-Bitcoin mining as announced by MintGreen. This is where MintGreen, a Canada-based cleantech cryptocurrency miner has taken up the lead.
According to MintGreen, its Digital Boiler is capable of recovering more than 96% of the electricity used for mining in the form of heat energy. This would further prevent 20,000 tonnes of GHGs from entering the atmosphere. The recovered energy will be further used to sustainably heat residents and also for industrial processes.
Cryptocurrency miners run on a full capacity of 365 days and thus, brings a promising opportunity to provide clean heating solutions for the baseload of North Vancouver’s districts.
As for MintGreen, the company’s sustainable mining model uses energy in a twofold manner. First, for mining Bitcoin and then to use zero-carbon industrial heating.
MintGreen CEO, Colin Sullivan calls this project an example “showing tremendous leadership in environmental stewardship.” On the environment saving front, Canada has proposed a $170 per tonne carbon tax scheme coming into effect in 2029 that will increase the recurring cost of conventional natural gas.
Going by the recent trends, it has become quite a norm for Bitcoin firms to invest in sustainable projects, and joining this fray would be this MintGreen project which is expected to be rolled out in 2022.
