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The energy world is currently being pressured to move rapidly to renewable sources of energy. Two of the most commonly used renewable electrical energy sources, solar and wind power, are characterized by inconsistency. They often produce high amounts of energy when demand is low and vice versa. Many universities, academic establishments, and commercial companies are searching for the optimum energy storage solution.
Batteries are the obvious choice, however, the challenge is to create a battery that can cost-effectively store an extensive amount of energy.
There are many types of batteries, some known and established, such as lithium-ion batteries powering many electronic devices and electric cars. Others, such as the lead-acid battery, have been commonly used in vehicles for many decades.
Sam Bankman-Fried Claims To Have Gained $10 Billion In 3 Years
Last Updated: 04 February 2021
Sam “SBF” Bankman-Fried stands as the founder of the FTX exchange as well as Alameda Research. The man has also managed to make a fortune, doing so mostly by way of crypto assets within these past few years. This comes according to the New York Magazine.
Gaining $10 Billion Through Mostly Crypto
SBF had spoken to this publication regarding his journey into the crypto industry at large, having started back in 2018. This interview had SBF admit that he has an estimated net worth of an eye-bulging $10 billion, with the majority of this worth being in illiquid assets.