The most important point is that Bitcoin is a battery.

It's actually a breakthrough in energy storage that helps match up production and consumption. See this article from Davos in 2018: https://www.weforum.org/agenda/2018/09/mining-for-cryptocurrencies-could-be-the-future-of-energy-storage/ https://twitter.com/Melt_Dem/status/1351177940097228802
A non-obvious point about the power grid is that it's hard to store energy efficiently, so balancing is important. Historically the demand side was more volatile, but renewables have made supply also volatile.

Bitcoin gives a different way to store energy, as mined BTC.
A non-obvious point about the power grid is that it's hard to store energy efficiently, so balancing is important. Historically the demand side was more volatile, but renewables have made supply also volatile.Bitcoin gives a different way to store energy, as mined BTC.
A non-obvious point about the power grid is that it's hard to store energy efficiently, so balancing is important. Historically the demand side was more volatile, but renewables have made supply also volatile.Bitcoin gives a different way to store energy, as mined BTC.
A non-obvious point about the power grid is that it's hard to store energy efficiently, so balancing is important. Historically the demand side was more volatile, but renewables have made supply also volatile.Bitcoin gives a different way to store energy, as mined BTC.
A non-obvious point about the power grid is that it's hard to store energy efficiently, so balancing is important. Historically the demand side was more volatile, but renewables have made supply also volatile.Bitcoin gives a different way to store energy, as mined BTC.
I'm not an investor, but this is Layer1's model: using BTC to smooth out demand on the grid.

Mining may actually *improve* economics of renewables because it turns random spikes in supply (eg windy days) into BTC when demand doesn't spike in concert.
https://layer1.com/ 
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