The initiative aims to use excess electricity that would otherwise remain unused due to grid limitations or storage constraints.
Deutsche Telekom, one of the leading telecommunications providers in Europe, has announced a new project aimed at Bitcoin mining using excess energy from renewable sources such as solar and wind. The program, called Digital Monetary Photosynthesis, is designed to harness surplus renewable energy that would otherwise go unused due to grid limitations or a lack of storage options.
Last June, during the BTC Prague conference, Dirk Röder, head of Web3 infrastructure and solutions at T-Mobile Deutsche Telekom, stated that the company was already running several Bitcoin & Lightning Network nodes and would soon be entering the mining sector.
Collaboration and technical involvement
The project is being developed by Deutsche Telekom MMS, one of its affiliates, in collaboration with Bankhaus Metzler, a financial institution based in Germany. The mining operations will take place in the city of Backnang, Germany, hosted by Riva Engineering GmbH, a company specialized in metal and glass facades. Technical management will be overseen by Metis Solutions, highlighting a joint effort among various players to ensure the program’s effectiveness.
Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS, stated:
“Together with Bankhaus Metzler and RIVA Engineering GmbH, we are taking a step in this direction to test the regulatory effect of Bitcoin miners in the energy grid. Surplus energy is converted into digital values through the miners. We call this digital monetary photosynthesis.”
