Re:Bitcoin surpasses $50K as major companies jump into crypto
by toyg on Wednesday February 17, 2021 @04:03AM
(#26164273)
Higher energy consumption -> higher demand for effective generation from all sources, including renewables -> higher demand for batteries to manage non-continuous supply, which is fairly typical of many renewables (wind, solar, etc).
Energy-prices fluctuations are relatively irrelevant in the long run. Oil will run out, and renewables are the only hope to address energy needs without killing the planet. This message is well-understood by now, the transition has started, itβs just a matter of how fast (or slow) we get to the new normal.
IMHO rising energy price is totally not good for Tesla's and other electric car manufacturers. It increases TCO of electric vehicles and companies' cost of support for premium models with free charging access.