Colombian Bitcoin and cryptocurrency mining company Horeb Energy has revealed that green biogas energy costs 2.5 cents per kWh in the Latin American country’s Northern Santander region. Through a strategic partnership with multinational energy company Veolia, the company has achieved energy prices 50% lower than the North American average of 3.5 to 6 cents per kwh for Bitcoin mining operations.
Veolia, empowered by Napoleon III in 1853 to help build France’s public water infrastructure, is a world leader in environmental services with a focus on water, waste and energy solutions. The company currently operates an important facility in Norte de Santander, Colombia, specializing in biogas evaluation and solid waste management. This is a common problem in Colombia and Latin America in general, which are known for their large-scale landfills. Veroia also operates the “Centro Inteligente de Gestión Ecológica” (CIGE Guayaval Landfill), a pioneer in the development of biogas systems in the region.
Horeb Energy, the Bitcoin mining arm of the business, specializes in technology solutions for biogas processing and renewable energy production from waste. “The cooperation with Veolia on this pilot project marks a milestone for a new sustainable business model in the global cryptocurrency mining sector,” the company said in a press release, adding: “This project aims to significantly reduce the region’s carbon footprint and demonstrates Veolia’s strong commitment to accelerating the ecological transformation of the local territory.”
Through this pilot project, the biogas produced by Veolia at the CIGE Guayaval Landfill will be converted into electricity and fed into a secure standalone data center dedicated to cryptocurrency mining. Horeb Energy oversees advanced biogas filtration and energy conversion processes, as well as aspects of Bitcoin mining that unlock new economic models for regional energy infrastructure development.
One year after its launch, the program boasts tangible results of producing “nearly 1,000 kWh of 100% renewable energy” to power a completely off-grid Bitcoin container and mining system. This unique approach in the Colombian market provides an alternative use for methane gas, a byproduct of waste decomposition that causes environmental problems in landfills.
Humberto Posada Sifuentes, general manager of Veolia in Norte de Santander, said in a press release that the pilot “demonstrates that through innovation and strong local leadership, we can turn waste into value and meaningfully contribute to the transition to clean energy.”
Arley Lozano, operations manager at Horeb Energy, told Bitcoin Magazine that they had achieved 2.5 cents per kWh for green energy, adding, “We are proud that this project was developed by local talent in partnership with Veolia. Our goal is to replicate this model in other municipalities across Colombia and throughout Latin America.”
This article Horeb Energy and Veolia Are Mining Bitcoin At 2.5¢/kWh With Columbian Landfil Biogas originally appeared in Bitcoin Magazine and is written by Juan Galt.