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North Carolina Sets Big Goal for Offshore Wind
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New Ship Will Play Key Role in America s Offshore Wind Ambitions – gCaptain
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Publishing date: May 29, 2021 • 1 hour ago • 4 minute read •
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(Bloomberg) After months of debate, Texas lawmakers are poised to pass a series of measures in response to February’s deadly blackouts. Yet those bills, critics say, do little to fix the fundamental issues that made the state’s power grid so vulnerable.
While the pending legislation will take steps including forcing electric plants and some pipelines to prepare better for the cold, the bills will do nothing to guarantee the state has enough generating capacity on hand at all times. Nor would they force Texas’s grid to connect to neighboring states so they could provide backup.
Can you love bitcoin and the environment at the same time? The digital currency depends on so-called miners whose high-powered computers run day and night, soaking up electricity to perform the calculations used to verify transactions. Since almost two-thirds of mining takes place in China, where coal is the biggest source of electricity, that means more emissions. Supporters argue that bitcoin’s carbon output is a drop in the global bucket, and that a switch to pollution-free power sources is already underway and likely to accelerate.
1. How much power is involved?
That’s hard to say. In 2018, BloombergNEF pegged the amount consumed by activities related to bitcoin at 20.5 terawatt-hours of electricity a year. At about the same time, Morgan Stanley was estimating as much as 140TWh. The Cambridge Centre for Alternative Finance keeps a running estimate of annualised use: It jumped from 6.6TWh at the start of 2017 to 67TWh in October 2020 to 121.9TWh in early February as prices s
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