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Bitcoin Rally Stirs BofA Alarm on ‘Enormous’ Surge in Energy Use

By: Bloomberg | Bitcoin’s massive rally over the past year means it’s only getting worse for the environment. The energy used by the network of computers that power the digital coin is comparable to that of many developed countries and rivals the emissions from major fossil-fuel users and producers such as American Airlines Group Inc. … Read more

Five Truths About Grid Reliability and Deregulation

By: RealClearEnergy.org | Before electricity had been restored last month, false claims proliferated as swiftly as the outages themselves. Misguided criticisms included excessive blame levied at wind power, while others have fallen into the trap of blaming “deregulation” of the power industry. That’s dead wrong for two reasons: power markets aren’t “deregulated” for reliability purposes and the … Read more

Bad Electricity Math at The Wall Street Journal

By: rstreet.org | Journalists are known for many things, but quantitative analysis is not typically among them. Still, it was discouraging to see The Wall Street Journal’s news section putting out what in the words of one expert “gets an F-grade for making big causal statements with 5th-grade math.” In a recent article, WSJ reporters Scott … Read more

Trump or Biden: Texas is Going Green Either Way

One day after the Presidential election, the U.S. formally withdrew from the Paris climate agreement. Although this coincides with President Trump’s ongoing initiatives to protect the coal industry, this has not slowed down companies looking to profit from the expanding renewables industry. Transitioning to clean energy Even in Texas, a state that is synonymous with … Read more

New company to offer energy-as-a-service to small and medium-sized commercial customers

For small and medium-sized C&I customers, solar, storage, and backup power have traditionally not been cost-efficient. The high costs and complexity of engineering site-specific energy systems typically rules out these customer classes. Over the past decade, however, the microgrid market has evolved, and clean-energy companies are hoping to be able to target these users. Recently, … Read more

Columbia Report Indicates Electrical Burden Is Shifting to Residences

Researchers from Columbia University have released a report on the potential effects of the COVID pandemic on U.S. electricity demand. “The ongoing COVID-19 pandemic has caused unprecedented changes in the ways people interact and approach economic activities,” the paper reads. Ultimately, they conclude that electricity demand is unlikely to return to normal levels even after … Read more

ERCOT sets peakload record; real-time prices top $6,000/MWh

By: Mark Watson | The Electric Reliability Council of Texas market blew through its all-time record peakload by about 1.3 GW on Monday and set quadruple-digit real-time prices for more than two hours, as a heat wave sent Texas temperatures into triple digits in most major population centers. ERCOT on Sunday had forecast peakload to … Read more

Heat wave results in highest US electricity demand since 2017

By: Kevin Randolph | The recent heat wave that occurred from July 15 through July 22 and extended from the Midwest to the Atlantic coast resulted in the highest electricity demand in the United States since 2017, according to the U.S. Energy Information Administration (EIA). In the hour ending at 6:00 p.m. ET on July … Read more