Solutions

Reserve market

We participate in the reserve market

The growth of renewable energy production increases the strain on the power grid and the need for flexible energy use. We participate in reserve markets and help balance the overall load on the power grid by adjusting our energy consumption through the use of automation.

Irregularity is a challenge in renewable energy

One of the challenges of renewable energy is its irregularity: renewable sources only produce energy when the wind blows or the sun shines. The electricity grid is unstable when there is sometimes too much electricity and sometimes too little. Grid stability is another challenge, since the irregularity of renewable energy can lead to, for example, frequency fluctuations that can damage electrical equipment and disrupt electricity distribution. To help balance out the electricity grid, there is a reserve market that can be used to balance the electricity grid if necessary.

Power of the data center can be regulated according to the electricity market

What does reserve market mean in practice?

A flexible way to support stability of the electricity grid

Data centers with high power computing use electricity but are flexible in terms of load. That’s why they’re well suited to operate in demand elasticity, helping to balance supply and demand in the electricity grid. In practice, the power can be increased when there is excess electricity in the network and reduced when there is little electricity. We optimize the electricity use of our customers in the reserve market by turning remotely controlled devices on and off according to the needs of the electricity grid.

Energy companies pay compensation for the reserve

Being in the reserve market is possible for data centers with high power computing. Being in the reserve market supports our society by ensuring the stability of the electricity grid, but also brings added value from an economical perspective. The optimization of electricity use supports a cheaper total energy cost. In addition to this, monetary compensation is paid for participating in the reserve market according to the participant’s participating load.

Why choose MinersLoop?

Finnish pioneer in their field

Finland's geopolitical location, stable electricity grid and comprehensive district heating networks create a competitive advantage that is difficult to find elsewhere in the world. The flexibility of data center energy loads allows us to utilize excess renewable energy production. In this way, we can promote sustainable energy solutions throughout the world and reduce electricity price spikes. As industry pioneers, we leverage extensive expertise and innovative Finnish solutions to lead the way in promoting sustainable energy practices and contributing to a more resilient energy system.

A broad network of professionals supporting your project

We are a flexible operator and believe that a competent and seamlessly functioning team plays a key role in the success of our customers. This is also the basis of our effective decision-making and operating method, which allows us to bring new ideas to the table while avoiding unnecessary pitfalls during projects. In addition to our own staff, we’ve invested in a strong network, which consists of diverse experts all around our operations.

Transparent operations: pay only for what you really use

All our processes have been built to support transparent operations, which is why our customers can trust that they only pay for services that they really use. We use a precisely calibrated MID measurement system, where consumption is measured from several different measurement points. With the help of our system, the customer can easily monitor the actual electricity consumption as well as heat and energy readings of their own data center.

A flexible way to increase energy and cost efficiency

We prefer the least consuming, but still as energy-efficient solutions as possible. We’ve built our service set in a way that we can utilize our own solutions to ensure flexibility according to the customer’s situation – reducing costs for example by recovering waste heat or utilizing the reserve market when needed if the data center temporarily has a lower need for use.

Tailored individually to each customers’ needs

Check out our other solutions

Waste heat recovery

With our solutions, we improve the cooling of machines and recovery of heat. Our goal is to create a new fossil-free heat production facility for an energy company or industrial operator from a high power computing data center.

Data center projects

We design, build and maintain individually optimized data centers tailored for our customers’ needs. We’ve mainly designed and implemented liquid-cooled data centers due to their ability to recover waste heat.