Igor Petrovski

However, his involvement in Bitcoin does not stop there; the billionaire is also interested in the mining industry. A Twitter post suggested this after recalling that Salinas controls Grupo Dragon, one of Mexico's five geothermal energy companies.

Mexican Billionaire Interested in Bitcoin Mining Using Geothermal Energy

Renewables

According to local media, Ricardo Salinas Pliego, Mexico’s third wealthiest man, is considering mining Bitcoin using a geothermal power plant owned by one of his firms. Pliego is already a well-known personality in the bitcoin industry, and his firm Grupo Dragon is utilizing the Domo San Pedro geothermal power plant (part of Grupo Salinas). The …

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The stored energy is then utilized as heat in industrial operations that produce materials such as cement and steel, or it is transformed into electricity.

Bill Gates Backs Energy Storage Startup to Help Heavy Industry Go Green

Finance & Investment

Decarbonization at the scale required to satisfy global warming mitigation objectives would need a major redesign of global infrastructure. Heavy industry is a significant and sometimes disregarded component of the problem. Bill Gates, the co-founder of Microsoft, has conducted a substantial study on the subject. Gates noted in his 2021 book, “How to Avoid a …

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North Sea Green Hydrogen Project by RWE and Neptune Energy

North Sea Green Hydrogen Project  by RWE and Neptune Energy

Renewables

RWE, Germany’s largest power producer, and Neptune Energy, an independent petroleum producer, announced on Tuesday, Feb 15 that they would collaborate to establish a green hydrogen demonstration project in the Dutch North Sea by 2030. Green hydrogen is a zero-carbon fuel produced by splitting water into hydrogen and oxygen using renewable wind or solar power, …

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Renewable Energy Conversion

Accelerated Ammonia Synthesis for Renewable Energy Conversion

Energy Transition

Japanese scientists at Hiroshima University have discovered a method for producing ammonia from its component molecules of nitrogen and hydrogen at room temperature. The new research, which was published on February 2 in the Journal of Physical Chemistry C, illustrates a method with potential applications in renewable energy storage and transmission that depends on a …

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Energy is Now The Best-Performing Market Sector in Europe

Finance & Investment

Energy is now Europe’s top-performing sector this year, with a 12-percent gain for the sub-index early on Monday, after bank stocks fell on the Russia-Ukraine conflict, pulling down the bank index to an 11-percent year-to-date gain. Financial stocks in Europe plunged early on Monday as tensions over Ukraine escalated, amid worries that prospective penalties against …

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Gravity Storage Startup Energy Vault Goes Public on the NYSE

Gravity Storage Startup Energy Vault Goes Public on the NYSE

Finance & Investment

Energy Vault has been listed on the New York Stock Exchange (NYSE) after the completion of its merger with special purpose acquisition company (SPAC) Novus Capital Corporation II. At a meeting last week, the SPAC’s shareholders decided to approve the corporate merger. Energy Vault shares debuted on the New York Stock Exchange (NYSE)  February 14 under …

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China Wants to Boost Energy Efficiency in Metallurgical Industries

China Wants to Boost Energy Efficiency in Metallurgical Industries

Innovation & Technology

China has boosted the benchmark levels of energy efficiency required by its major aluminum sector over the next three years, requiring more than 30% of existing capacity to comply with new energy requirements by 2025. According to a paper released on February 11 by China’s National Development and Reform Commission, or NDRC, China is trying …

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