The City of North Vancouver runs on a hydronic district energy system that delivers heat to 100 residential and commercial buildings.
Lonsdale Energy Corporation (LEC), the award-winning district energy utility wholly owned by the City, is on a decarbonization journey to implement more renewable and clean energy, transitioning from the use of conventional natural gas.
In 2022, the City and LEC will be introducing a novel heat source to their district energy system: bitcoin mining.
Over the term of the engagement, MintGreen’s Digital Boilers will prevent 20,000 tonnes of GHGs from entering the atmosphere per MW compared to natural gas. Production of both bitcoin and usable thermal energy positions the Digital Boilers to be the cost leading low-carbon heating technology.
Cleantech cryptocurrency miner MintGreen is disrupting the bitcoin mining industry.
Their proprietary Digital Boilers recover more than 96% of the electricity used for bitcoin mining in the form of heat energy that can be used to sustainably heat communities and service industrial processes.
Cryptocurrency miners run at full capacity 365 days a year, which creates the unique opportunity to provide a reliable and clean heating baseload for North Vancouver’s district energy system.
Lonsdale Energy Corporation CEO, Karsten Veng, commented “Being partners with MintGreen on this project is very exciting for LEC, in that it’s an innovative and cost competitive project, and it reinforces the journey LEC is on to support the City’s ambitious greenhouse gas reduction targets.”
In 2019, the City of North Vancouver Council passed a motion for the City to increase its greenhouse gas reduction targets to achieve net zero by 2050, and reduce emissions by 80% below 2007 levels by 2040.
“The complex issue of climate change requires innovative solutions, and LEC, with the City of North Vancouver, is showing tremendous leadership in environmental stewardship,” said MintGreen CEO, Colin Sullivan.
Over 97% of BC Hydro’s energy mix is hydroelectric. Using that energy twice both eliminates waste and makes this project one of the greenest in the space. Veng believes that the MintGreen Digital Boiler pilot could be the launchpad for future expansion opportunities as the City of North Vancouver continues to grow.