Bitcoin Helps Us Overcome Probability-Based Energy Systems
Variable energy productions as a result of weather are guarantees of downtime and wasted money — so why incentivize them?This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.Imagine if you will, a seller of items that only worked under certain weather conditions. A car that only drives when it’s sunny. A heater that only works when it’s windy. Would you ever buy them? I don’t think you would. Because it’s illogical. Why would you want anything that worked on....
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The largest engineering corporation in Europe Siemens AG has recently announced an energy collaboration with fintech startup LO3 Energy to create blockchain microgrids. The blockchain protocol aims to enable energy trades facilitated by a distributed ledger platform. Siemens Pairs up With LO3 Energy to Facilitate Brooklyn Energy Solutions on Blockchain.....
On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP).
Crusoe Energy Systems Secures $505 Million From Strategic Investors
Following the report that said Crusoe Energy Systems was working on a gas-to-bitcoin mining pilot with the gas giant Exxon, Crusoe has announced the company has raised $505 million in new funding. The....
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security. The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy resources (DERs) including battery energy storage systems, solar arrays, natural gas generators and more. Recent findings from Allied Market Research show that the global distributed....
Could Bitcoin run the world in the future, instead of the current fiat currency system? SWIFT thought enough of this question to study the idea in-depth. According to the U.S. Department of Energy, the Earth gets more solar power from the sun in a single hour than humanity uses in an entire year. Yet, solar power only provided 0.39% of the energy used in the US last year. Why? Because the world runs on hazardous, inefficient, primitive oil. Why? Because the countries, governments, and businesses of the world want it that way to control the use of money, energy and systems on the planet.....
The group said that all technologies — seemingly including crypto — had the potential to enable emissions reductions as well as increased emissions based on how they were governed. The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or IPCC, has named crypto among technologies that may require greater energy demands.According to a report released on Monday, the IPCC said cryptocurrencies, as part of the infrastructure around data centers and information technology systems related to blockchain, had the potential to....