This is an opinion article by Ruda Pellini, co-founder and president of Arthur Mining.
The world is no longer the same – it is constantly changing. And this transformation is happening faster and faster. In reality, the “new normal” is a constant transformation and the only certainty is change.
The Information Age has arrived and with it a number of concepts that must be updated so as not to be destroyed by the new. The paradigm shift is happening all around us, and anyone who doesn’t understand this will quickly fall behind.
The changes bitcoin has and will continue to bring to the world are not just currencies. We are also facing a new energy revolution. And anyone who doesn’t keep up with the new trends will be interrupted.
Thinking in this context, I’ve isolated seven trends in the energy market to help you predict what’s on the horizon and get in on the action quickly.
1. Renewable energy will be widely applied
The transition to renewable energy has reached a point of no return. Over time, the field will become increasingly productive. Today, in the right placesWind and solar power are already the cheapest and most efficient ways to generate energy.
With widespread pressure for a cleaner energy matrix and more investment in research, this trend will only increase.
Another problem is the perception that fossil fuels are a stable source of energy that failed in the wake of the invasion of Ukraine and its aftermath. While the generation of renewable energy can often be done at or near points of consumption, oil and natural gas depend on major global producers, a complex and affected supply chain. more by geopolitics.
The only fossil energy source that tends to remain competitive in the medium term as a form of energy production is natural gas.
2. Renewable energy production will be multimodal
A substantial part Energy production in Brazil is hydroelectricity. In addition, there are several reservoirs in the country that are essentially flat, and since Brazil is a tropical country, they have a high percentage of sunlight.
In the future, these reservoirs will be used as solar energy production parks and will be integrated into the hydroelectric substation, allowing the integration and transmission of this generated energy into the grid. In windy places, wind turbines will also be installed, increasing the capacity of the enterprise. This logic applies not only to Brazil but also to any country that can use wind and solar power in the same region.
3. Distributed generation will be widely accepted
Until the beginning of the last decade, there was no generation of scattered energy around. Since then, this generational form has seen exponential adoption. This trend will continue for a long time, as the penetration of this generational form is still in its early stages.
In the future, individual consumers will be able to install their own solar panels on their roofs or join small cooperatives, such as condominiums or clubs, and build solar panels. Small generator for power supply.
Source: Portal Solar
4. Tendency to waste idle energy to 0
In 2009, mankind invented a technology that allows to make money from trapped energy. The name of that technology? Bitcoin mining. Thanks to this process, it is now possible to convert energy into money, no matter where that energy is located.
A clear example of monetizing this trapped energy the process is, “The burning of natural gas involves oil extraction,” AKA said. Currently, most of this excess gas is broken out due to uneconomical use. With bitcoin mining, this scenario has changed and there is a big trend that this gas will be used to fuel bitcoin mining operations.
With that, a gas that has been wasted becomes monetizable. An example of this logic is Exxon start a pilot bitcoin mining project in 2021.
5. The Grid Will Be Stronger And Energy Will Be Cheaper For Consumers
Currently, the grid is designed to produce energy to meet peak demand. However, there is no viable way to store this energy and it is usually idle most of the time demand is not at its peak.
As a way of monetizing excess energy, bitcoin mining allows for the construction of oversized networks. These networks will not need to be subject to computations focused on avoiding waste and targeting peak demand times, where there is always the potential for miscalculations and outages.
The corollary of this logic is that without the need to charge the end consumer to produce surplus energy, the price of energy would fall dramatically.
6. Bitcoin mining and energy sectors will merge
Currently, we think of bitcoin mining and the energy sector as two independent sectors, but in the future they will unify.
The characteristics of bitcoin mining make this activity attractive to the energy industry, which is observable in its lifetime. The logic presented in the above section implies that generators will adopt bitcoin mining as a way to monetize their idle energy.
7. Humanity’s energy production capacity will increase dramatically, and with it the level of human progress
The consequences of the existence of a technology that makes it possible to monetize your idle and missing energy are wide and profound.
Currently, people do not utilize a significant portion of the energy they produce because it is not feasible to transport and store this energy. Thanks to bitcoin mining, this logic will be reversed.
Some energy sources in remote locations will become economically viable. Two obvious examples of this are:
The absence of a consumer market near these sites has prevented humanity from using these energy sources. With the invention of a technology that allows monetization of idle energy, this dynamic has changed.
This also implies that the increase in demand for solar panels, wind turbines and other materials needed for energy production will generate more research and innovation in this area and thus , making the device cheaper.
The third energy revolution
Finally, it should be remembered that energy is the only common currency. In other words, There is no poverty, but energy poverty. Likewise, access to more energy will usher in a great revolution in humanity.
Our species has taken two major evolutionary steps that involve unlocking different uses of energy:
1. When we master fire and learn how to cook, we start to consume more calories in less time and with it our brains grow.
2. When we began to access energy stored and concentrated over millions of years by geological processes, so-called fossil fuels, we became an industrial society and a population of we explode.
Monetizing idle and aground energy capacity, whether solar in the desert, wind or geothermal potential on volcanic islands, will allow us to take the third evolutionary step in energy use side.
The world of tomorrow will be a world of abundant energy, and therefore, abundant resources.
This is a post by Ruda Pellini. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC, Inc. or Bitcoin Magazine.