Digihost Technology Inc. has entered into a long-term deal to purchase community solar credits from a nearby community solar farm. The project, located in National Grid territory, is being managed by EnergyMark. The community solar project is 5 MW and will produce roughly 9,500,000 kWh of electricity annually.
Digihost’s current East Delavan, N.Y., facility will be the anchor subscriber to the project. This facility is located in New York’s Zone-A region, where more than 90% of the power consumed is from zero-emissions generation. The long-term agreement will further reduce Digihost’s already low carbon footprint for its BTC mining operations and allow the company to apply the community solar credits received pursuant to the agreement against future utility bills.
The solar farm is expected to begin generating electricity by Q4 2022.
The agreement was entered into by the company in accordance with its DigiGreen Initiative, whereby Digihost is committed to achieving net zero emissions from its BTC mining operations by 2030. In addition to nearly emission free electricity at its East Delavan facility, Digihost currently participates in several demand response programs, which aid in grid reliability during times of heightened volatility, and further reduces carbon emissions. The company is currently mining with greater than 90% zero emissions from its power consumption.
“Continued investment and support from the blockchain industry will accelerate the growth of renewable electricity in the United States,” says Luke Marchiori, Digihost’s chief renewable energy officer. “This long-term community solar agreement with EnergyMark demonstrates our continued commitment to sustainable mining and renewable energy development. As we grow and increase electricity consumption, we will align with additional distributed energy resources that can further reduce our carbon footprint and continue to provide essential grid reliability.”