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Demand response proves more profitable than Bitcoin mining in Texas

Smart Energy International

Bitcoin miner Riot Blockchain earned estimated power credits of $9.5 million for demand reduction from ERCOT in July. In its July production and operation update, Riot Blockchain, one of the largest US Bitcoin miners, reported mining 318 Bitcoins in July – a decrease of approximately 21%. Have you read?

Demand 97
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Blockchain 24/7 carbon-free energy traceability for corporates

Smart Energy International

European blockchain start-up FlexiDAO’s energy traceability solution is to be offered in conjunction with Altenex Energy’s Insights. Blockchain renewables certification scheme launched in Uruguay Blockchain energy consumption should be transparent in Europe – a call. Have you read? Sign up to our newsletter and stay informed.

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Tesla suspends use of bitcoin over 'rapidly increasing use of fossil fuels'

Business Green

Tesla CEO Elon Musk announced on Twitter that the company had suspended vehicle purchases using bitcoin, because "we are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel".

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Bitcoin miners win legal battle to keep mum about energy use

The Verge: Energy

The Texas Blockchain Council and Bitcoin mining company Riot Platforms filed suit, contending that the DOE’s implementation of the survey as an “emergency” action was unlawful. Bitcoin mining has also brought sputtering fossil fuel power plants back to life and raised electricity costs for some residents in New York.

Energy 102
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Let’s incubate the Green Swans hatched by the COVID-19 Black Swan

GreenBiz

The price of oil plunged below zero on some days, and customer demand remains at an all-time low. Bailouts paper over the fossil fuel industry's weaknesses and "will create a zombie industry forever dependent on state aid for survival," according to Jason Quay, director of the Global Climate Strategy Sunrise Project. .

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Electrification could squeeze CO2 out of industrial supply chains

GreenBiz

For their part, power companies are exploring ways to build out the renewable energy system to meet the coming surge in industrial electricity demand. Another strategy would be to try to snap up some early innovators because supply isn’t as big as the demand could potentially balloon into, Valanko said. . Charting a course to 2050.

Carbon 384
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'All about the sun': Solar plant powers up at Sol brewery

Business Green

The transition of the plant away from fossil fuels is a milestone in Heineken's ongoing plans to decarbonise its operations and will help the beer company meet its goal of securing 70 per cent of the power used at its production facilities from renewables by 2030, it said.