There is widespread concern over the high energy use of Bitcoin mining. But blockchains can be highly energy-efficient, writes Sam Hartnett of the Energy Web Foundation, a joint initiative of Rocky Mountain Institute and Grid Singularity who have partnered with Shell, Statoil, Engie, and other energy companies to accelerate adoption of blockchain technology in the energy sector. According to Hartnett, Â blockchain technology will help accelerate … [Read more...]
Why the future of batteries is lithium and why their impact will be bigger than you think
The tremendous advances being made in lithium battery technology are being underestimated by many people, writes financial energy specialist Gerard Reid. Competitive EVs are just a few years away. They will be followed by radical improvements that will have huge implications for air and ship transport as well. Courtesy Energy and Carbon blog. … [Read more...]
Fancy having your own power plant? “Fuel cell micro-cogeneration is market-ready”
More than 1,000 fuel cell micro-cogeneration units have been installed in homes and business in ten countries over the last several years by the ene.field project. Its successor, the PACE project, aims at bringing costs further down, although manufacturers and users say the technology is market-ready. … [Read more...]
How blockchain is transforming the energy industry
Blockchain technology offers cost-saving and process efficiencies for the energy sector that are too compelling to ignore, write Luis Colasante and Taniga Krish for Oilprice.com. But it does require a clear framework where all participants agree on the standards and rules. … [Read more...]
German utilities are struggling with digitalization, especially in retail
German utilities claim that they are becoming consumer-centred, service-based organisations, but research from Oliver Wyman shows that in actual fact their market share in the digitalized retail market is very small, writes energy economist Marius Buchmann of Jacobs University in Bremen. But they may still deliver on their promise: they are ready to launch digital attackers. Article courtesy of Buchmann’s blog Enerquire. … [Read more...]
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