Renewable energy Financial News

Prime Minister Rishi Sunak (pictured) said it was 'huge vote of confidence in the future of the UK economy' and that the government was making Britain the 'best place in the world to invest and do business'.

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. 

Update: This article has been updated to highlight that the UN report referenced the Mora et al. 2018 paper, which overestimated the emissions of mining operations by including unprofitable mining rigs in their analysis.

Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4.

While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.”

Sweden has welcomed a hydro-powered Bitcoin (BTC) mining data center. 

Alberta Premier Danielle Smith says Ottawa is one of the reasons why her government has placed a moratorium on approving new wind and solar power projects, arguing the feds are preventing development of backup generation for renewable energy like natural gas.Smith, whose government surprised the province’s renewable energy industry last week by announcing a six-month freeze on new projects greater than one megawatt, told her provincewide radio call-in program Saturday that backup plants powered by natural gas are needed for when wind isn’t blowing or the sun isn’t shining.But, she said, the federal government doesn’t want Alberta to add any new natural gas electricity plants to the grid.“So I’ve told them, how can I bring on additional wind and solar if I’m not able to secure the reliability of my power grid by being able to bring on natural gas peaker plants? That’s the heart of the problem,” Smith said.“No one is proposing any new natural gas plants because the federal government has created so much uncertainty in the market.”The rationale was confusing for an energy market economist, as well as a representative of a renewable energy industry group, who said there isn’t a requirement in Alberta’s market for generators to be able to supply power 24-7.“If somebody adds solar to the grid, you don’t need to add backup to compensate for it,” said Andrew Leach, a University of Alberta energy economist. “It just adds a source of cheap electricity for times when it is sunny outside.”“Essentially, you bring your power to the market every hour and see what it sells for.”Leach said it’s possible the addition of cheap wind and solar energy could discourage natural-gas powered projects by lowering the price of electricity.

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.

The Kingdom of Bhutan is bullish on Bitcoin (BTC). Following the revelation that the small Himalayan Kingdom of Bhutan has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations.

An Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin (BTC) mining. Tom Campbell, who runs a farm in County Armagh, Northern Ireland, produces renewable energy using a method called anaerobic digestion. This involves breaking down biodegradable material to a point where it creates methane gas, which can be used to produce electricity.

While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity.

A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.”

Lawmakers in France's lower house of parliament voted to include abortion rights in the country's constitution, the first step in a lengthy legislative process.

It’s another win for Bitcoin miners and the environment. A Dutch Bitcoiner has installed a Bitcoin (BTC) miner in a warehouse to replace the heating system powered by natural gas. 

There's a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it's loud. 

UN Secretary-General, António Guterres, appears at the Austrian World Summit on Tuesday 14 June to deliver an important message about climate change.

President Joe Biden on Friday is expected to announce increased shipments of liquefied natural gas to Europe, part of a long-term initiative to wean the continent off Russian energy after the invasion of Ukraine.

Norway is considering policy measures that would tackle the environmental impact of crypto mining, a government minister has told Euronews Next.