-
Can renewable power offset bitcoin’s massive energy demands?
“You need cheap energy to fuel your hardware,” says HydroMiner’s co-founder and CEO Nadine Damblon. By setting up shop next to where the electricity is produced, the start-up is able to pay only 4 to 6 euro cents per kW, racking up over $300,000 in profits every month. “Hydropower is the best renewable energy we could find,” Damblon says.
- Categories
- Energy
-
Wind is now the cheapest source of clean energy in India
The crash in tariffs comes at the heels of a recent announcement by the Narendra Modi government that resurrected the Indian wind power market after nearly a year of stagnation. The country’s power ministry announced a slew of guidelines for state electricity utilities that want to procure wind power from independent producers.
- Categories
- Energy
- Region
- South Asia
-
Press release: IEEE Awards $1.2 Million for Off-Grid Energy Entrepreneurs
IEEE, the world's largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted $1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world.
- Categories
- Energy, Entrepreneurship, Technology
-
USADF, All On partner to invest in off-grid energy in Nigeria
UNited States African Development Foundation (USADF) and All On have announced a three-year partnership that will see both parties provide a $3million-fund to expand access to energy for underserved and unserved markets in Nigeria and boost operations of Nigerian owned off-grid energy companies.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
The Environmental Case Against Bitcoin
No one may be using Bitcoin, but we’re all paying for them. Bitcoin analyst Alex de Vries, otherwise known as the Digiconomist, reports that the coin’s surge caused its estimated annual energy consumption to increase from 25 terawatt hours in early November to 30 TWh last week—a figure, wrote Vox’s Umair Irfan, “on par with the energy use of the entire country of Morocco, more than 19 European countries, and roughly 0.7 percent of total energy demand in the United States, equal to 2.8 million U.S. households.”
- Categories
- Energy, Environment, Finance
-
As India goes big on renewables, bright minds are looking to develop innovative tech
India has big plans when it comes to renewable energy. The government has set itself ambitious targets, including commissioning 175 gigawatts of renewable energy by the year 2022.
- Categories
- Energy, Technology
- Region
- South Asia
-
Off-Grid Electricity Projects Are Starved for Funds
A first-of-its-kind analysis of the flow of capital, released in September by the United Nations’ Sustainable Energy for All program, shows that off-grid systems simply are not getting the support they deserve.
- Categories
- Energy
-
Unlocking an Energy Revolution in Ethiopia With Lessons From the Black Market
A rapidly growing market for solar lanterns and home kits is driving an energy revolution in Ethiopia. Like many low-income countries in Asia, Africa and Latin America, Ethiopia is a point of focus for international development and finance institutions as well as donors. Such organizations are channelizing tens of millions of dollars into Ethiopia for energy access. In order to maximize the impact of their investments, they need to have an understanding of local requirements in order to provide tailored financial flows.
- Categories
- Energy
- Region
- Sub-Saharan Africa
Parent Organization
