Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state’s already beleaguered power grid. The chief concern is that we might see a repeat of last
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‘Bitcoin Family’ in Lisbon, Portugal Didi Taihuttu Didi Taihuttu, patriarch of the so-called ‘Bitcoin Family,’ is setting down roots in Portugal, Europe’s ultimate crypto tax haven. Settling down is a big deal for the Dutch family of five, who have traveled the world for the last five years. But after spending time in 40 countries,
In this article TSLA GS VOW3-DE A Volvo XC40 Recharge car on display at the 38th Thailand International Motor Expo 2021. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images Volvo Cars and Northvolt said Friday they would build a battery manufacturing plant in Gothenburg, Sweden, with construction set to begin in 2023. According to
A logo at a Shell Recharge electric vehicle charging hub, operated by Royal Dutch Shell Plc, after re-opening to the public following a replacement of petrol and diesel pumps, in London, U.K., on Thursday, Jan. 13, 2022. Chris Ratcliffe | Bloomberg | Getty Images LONDON — Britain’s Finance Minister Rishi Sunak has rejected fresh calls
A contractor for First Solar works on construction of a solar project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images The Biden Administration said Friday that it will extend Section 201 tariffs on imported solar cells and panels for another four years, but with several changes to existing provisions. The tariff rate
A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark topping $90 per barrel for the first time since 2014. The national average for a gallon
In this article SGRE-ES A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The
A pump jack at oil well and fracking site situated in cotton field in Shafter. Kern County Education Images | Universal Images Group | Getty Images U.S. oil crossed above $90 on Thursday for the first time since 2014 as demand for petroleum products surges while supply remains constrained. West Texas Intermediate crude futures, the
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit
In this article ENR-DE IBE-ES SHEL-GB Wind turbines photographed in Aragon, Spain. Pepe Romeo / 500px | 500px | Getty Images Plans for a huge project aiming to produce green hydrogen and ammonia have been announced, with those behind it hoping construction of the first phase will begin in late 2023. On Tuesday, Copenhagen Infrastructure
In an aerial view, dry cracked earth is visible at Nicasio Reservoir on June 16, 2021 in Nicasio, California. Justin Sullivan | Getty Images California water officials warned on Tuesday that the state is set to face another dry year after experiencing a significant lack of snow in January, potentially marking its third consecutive year of
The LanzaJet Freedom Pines Fuels plant in Soperton, Ga., is expected to begin producing 10 million gallons of SAF and renewable diesel per year from sustainable ethanol in 2023. Photo courtesy LanzaJet Jet fuel is a notorious bugaboo in the race to lower emissions. Chicago-based start-up LanzaJet is trying to address the problem by producing
Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to states to plug thousands of orphan oil and gas wells that emit methane, a potent climate-changing greenhouse gas. Methane is a main component
A woman shovels her car out of the snow during a major snowstorm on Jan. 29, 2022 in Stony Brook, New York. Andrew Theodorakis | Getty Images After a few months of winter and two major snowstorms pounding much of the eastern U.S. in January, many Americans may be realizing they’re in for elevated heating
It would be “insane” for Russia to invade Ukraine — but that scenario is “not impossible,” says former Prime Minister of Sweden Carl Bildt. “A big invasion might not be the most likely, but it’s not impossible” given that Russian President Vladimir Putin has used military power against Ukraine in the past, said Bildt, who
lindsay_imagery | E+ | Getty Images The U.S. Department of Energy has announced $25 million in funding for eight projects focused on wave energy technologies. The DOE said the projects will be based on three things: the testing of wave energy converter tech; wave energy research and development; and the advancement of wave energy converter
A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Nord Stream 2 is a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe
We’re in the midst of an energy transition. Renewable power and electric vehicles are getting cheaper, the grid is getting greener, and oil and gas companies are getting nervous. That’s why the fossil fuel giants are looking towards petrochemicals, and plastics in particular, as their next major growth market. “Plastics is the Plan B for
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the
In this article RWE-DE ENR-DE RDSA-GB Animaflora | iStock | Getty Images A 20 megawatt hydrogen electrolyzer described as “one of the world’s largest” has begun operations, energy major Shell said Friday. Located in Zhangjiakou, Hebei Province, China, the electrolyzer will produce green hydrogen for fuel cell vehicles being used at Zhangjiakou’s competition zone during