BITCOIN MINER SAYS SOLAR ENERGY CUTS MINING COSTS BY 75%

Bitcoinist | March 14, 2019

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs. Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, due to adverse cryptocurrency market conditions, this endeavor has become increasingly critical. Consequently, some miners are now using solar energy to run their operations.

Spotlight

We aim to make our products better for the environment along the value chain. So how did we do this year. At Nestle we’re producing more and more of the world's favourite products. Of course there's room for improvement. We motto use fewer Nle want t0 roc or fossilfues re-use more water. Overall we are delivering in key areas. But using resources more efficiently.

Spotlight

We aim to make our products better for the environment along the value chain. So how did we do this year. At Nestle we’re producing more and more of the world's favourite products. Of course there's room for improvement. We motto use fewer Nle want t0 roc or fossilfues re-use more water. Overall we are delivering in key areas. But using resources more efficiently.

Related News

SOLAR+STORAGE

GCLSI Provides High Quality Solar Modules for the Ocean Sun Solution in Albania's Largest Floating Solar Project

GCL System Integration Technology Co., Ltd. | May 09, 2022

GCLSI Provides High Quality Solar Modules for the Ocean Sun or "the Company") (Shenzhen: 002506), a leading photovoltaics company, announced the first phase of Albania's largest floating solar project, to which GCLSI provides patented modules, was successfully connected to the grid. Working jointly with Ocean Sun, a Norwegian owner and developer of proprietary floating solar technology, GCLSI as a supplier, provides solar modules to the 2 MWp project on the Banja reservoir, the largest project of its kind in the region, which is now under construction. "We are proud that our patented modules have been chosen to play a key role in this major floating solar project in Albania, The cooperation identifies those products stamped by GCLSI have strong competitiveness in the global floating market," -Thomas Kun Zhang, Executive President of GCLSI. "The long-term collaboration with GCLSI has been excellent thanks to the high-performance modules and the professional and supportive GCLSI team," - Børge Bjørneklett, CEO of Ocean Sun. The project, with an estimated total investment of EUR 2 million, was overseen by Europe's largest renewable energy producer, Statkraft, together with Ocean Sun. GCLSI has taken part in the project by providing solar modules, which have passed rigorous testing in the development process, and are fit for multiple circumstances, including being submerged in seawater over a long period without jeopardizing performance. The first implementation phase of the project comprises about 1600 solar panels, covering almost 4,000 square meters, with an installed capacity of 0.5 MWp. The unit was successfully deployed and connected to the grid recently. The second phase adds a combined capacity of 1.5 MWp, and the construction is estimated to be completed by this year. After completion, the plant will generate renewable energy and inject the power into the Albanian national grid. About GCLSI GCL System Integration Technology Co. Ltd (002506.SZ) (GCLSI) is part of the GCL Group, a global energy conglomerate, China's largest non-state-owned Energy Company with a focus on new energy, clean energy, and related services. About Ocean Sun By combining Norwegian maritime expertise with photovoltaics, Ocean Sun offers a bold solution to our global energy needs. The patented technology mounts solar modules on membranes giving cost and performance benefits.

Read More

ENERGY

AEP Energy Partners Seeks Wind And Solar Energy In Ohio And ERCOT

AEP Energy | September 11, 2020

AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (Nasdaq: AEP), is seeking proposals for off-take from new solar and new wind facilities located in Ohio and ERCOT. For the Ohio sited projects, the company is seeking renewable energy purchase agreements of 10, 12 or 15 years for solar or wind facilities that begin operation between 2021 and 2023. For the ERCOT sited projects, the company is seeking renewable energy purchase agreements of 12 years or less for solar facilities that begin operation between 2021 and 2023. Proposals with alternative terms will be accepted. Accepted bids will be at AEPEP's discretion.

Read More

STRATEGY AND BEST PRACTICES

CarbonX and AirCarbon Exchange Sign a Memorandum of Understanding, Establishing Indonesia's Carbon Market

CarbonX | March 28, 2022

CarbonX, an Indonesian developer of high-impact carbon assets, has signed a Memorandum of Understanding (MoU) with AirCarbon Exchange (ACX), the world's first fully digital carbon exchange, to collaborate on developing a carbon marketplace in Indonesia. Dessi Yuliana, director of CarbonX, noted that the collaboration would provide Indonesian carbon project developers with a domestic carbon market connected to ACX's international customer order book. Additionally, the carbon marketplace will enable the Indonesian carbon market to expand swiftly. "The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner," -Dessi Yuliana, director of CarbonX According to Pandu Sjahrir, Commissioner of CarbonX, Indonesia has committed to a green economic transformation through the Net Zero Emission (NZE) objective of 2060, which is enshrined in Presidential Regulation 98/2021 on the Implementation of Carbon Economic Value. To accomplish this goal, all players must collaborate and are aided by enabling policies. According to Bappenas, Indonesia will require enormous annual investments of approximately 3.4 to 3.5 percent of GDP to reach the NZE. "The carbon marketplace platform scheme created by CarbonX can contribute to assisting investment funding to achieve NZE targets. If all of this takes place optimally, Indonesia can produce a massive supply of carbon offsets and contribute to the NDC commitment, while also providing social and economic co-benefits," -Pandu Sjahrir, Commissioner of CarbonX William Pazos, Managing Director and Co-Founder of AirCarbon Exchange, noted that the relationship with CarbonX will expand options for Indonesian carbon asset producers. "Today's announcement marks another milestone in ACX's rapid ascent as one of the world's premier carbon marketplaces. By leveraging ACX's technology, the CarbonX partnership will launch with immediate scale. As a result, Indonesian buyers and sellers will immediately gain access to an international marketplace with participants from 30 countries," -William Pazos, Managing Director and Co-Founder of AirCarbon Exchange ACX was named the Best Carbon Exchange in Environmental Finance's annual Voluntary Carbon Market Rankings 2021 - the world's most extensive and most-watched study of the Voluntary Carbon Market. The Exchange has developed dramatically since the first deal was executed on the platform in early 2021, bringing openness, efficiency, and liquidity to the voluntary carbon markets.

Read More