According to an estimate by Digiconomist, using blockchain for the energy-intensive process of bitcoin mining and transactions is around 30.14 TWh a year.
That’s more than the annual consumption of 19 European countries.
Per bitcoin, it equates to almost 300KWh of electricity – enough to boil around 36,000 kettles full of water.
According to recent International Energy Agency projections, we can expect to see 130 million EVs around the world by 2030, up from just 3.1 million in 2017.
ESG stands for Environmental, Social and Governance criteria – and is seen as core to the way today’s responsible businesses operate.
In these fast-evolving times, who’d have thought that a device created in 1800 would be so important to our energy future?
With transport currently the UK’s most carbon-intensive sector – overtaking power generation last year for the first time – it’s perhaps not surprising that reducing emissions has become such a focus
As an island, Great Britain is ideally placed to lead the world in the development of tidal energy technologies. Only last month, the UK’s first commercial tidal stream turbine project secured funding for deployment off the coast of Scotland in 2020
Will unplanned outages in the French nuclear fleet put pressure on UK power markets? Or will the slow down in the global economy result in a downward trend for wholesale energy costs?