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$38 million renewable fund to offset blockchain energy use in US

Smart Energy International

Nelnet Renewable Energy Services has committed $3 million in capital to the fund and will serve as the fund manager over the duration of the investment. Green cryptocurrency mining demonstrated Energy Web, RMI, AIR partner on green blockchain action. In time, the goal is for its blockchain to become carbon negative.

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Technology Trending: What to look out for in 2024

Smart Energy International

Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. These include the need for significant and urgent investments, in Europe for example an estimated €584 billion ($641 billion) by 2030.

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Smart Energy Finances Weekly: Asian stakes and the race to net zero

Smart Energy International

Have you read: Smart energy finance weekly European Investment Bank approves €4 billion in smart energy financing. 22m VC investment funnelled into Sympower. million) investment round from a group of five venture capital (VC) funds to finance growth in low carbon grid-balancing services. Image courtesy Powin.

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Cryptominer taps underutilised nuclear energy on Georgia grid

Smart Energy International

EZ Blockchain specialised in using otherwise wasted energy for crypto mining is expanding its data centre capacity in West Point, Georgia, USA. The company’s second project, which doubles its capacity from 8MW to 16MW, includes an additional four EZ Blockchain mobile data centres and involved an investment totalling over $1 million.

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Greentown Go Make 2023 with Shell Announces Startup Cohort 

Greentown Labs

11, 2023 — Greentown Labs , the largest climatetech incubator in North America, and Shell , a global energy leader, announce six startup participants for Greentown Go Make 2023 —a Greentown Go program focused on accelerating startup-corporate partnerships to advance carbon utilization, storage, and traceability solutions.

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Electron’s flexibility platform gets £4 million boost

Smart Energy International

UK energy market solution provider Electron has secured £4 million ($5 million) in investment funding to grow the use of its ElectronConnect flexibility platform. Other partners in the investment round were Riverstone, Nesta and One Planet Capital.

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Bitcoin mining ban in New York

Smart Energy International

In response, the Blockchain Association, which describes itself as dedicated to improving the public policy environment for crypto networks, said that crypto mining is a mobile industry and will leave the state if the bill is passed. Sign up to our newsletter and stay informed.