US Patent Issued to ESS TECH on April 22 for "Methods and systems for managing energy consumption of cryptocurrency mining" (California Inventor)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,283,815, issued on April 22, was assigned to ESS TECH INC. (Wilsonville, Ore.).

"Methods and systems for managing energy consumption of cryptocurrency mining" was invented by Eric Paul Dresselhuys (Hillsborough, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for managing an energy storage system. In one example, a method may include directing energy stored in the energy storage system to a cryptocurrency mining system and another consumer responsive to conditions. Other consumers may include a third party consumer of energy and conditions may include current and predicted cryptocurrency values and current and predi...