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Global electricity demand is forecast to grow by around 4% in 2024
The world's demand for electricity is rising at its fastest rate in years, driven by robust economi…
ANI
India's power sector to rise 2.2x, defence sector to grow at 13% CAGR by 2030
India's power generation and transmission sectors are poised for substantial growth. Also, India's …
India's energy consumption is expected to rise by 3-4 times over a decade: IECC
Growing industrialization, urbanization, and rising incomes have led to the country's energy consum…
ANI
A living computer? This AI made from interconnected "mini-brains" requires a million times less power than ChatGPT!
To put this into perspective, training a single large language model like GPT-3, a precursor to the…
Oil's resilience: Defying decline amidst electric vehicle surge, global demand hits record highs
According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchas…
ANI
Crypto miners used the same amount of electricity as all of Australia last year
In the US alone, crypto mining uses 0.6% to 2.3% of the country's electricity demand — as much as e…
Aruni Soni
ChatGPT uses 17,000 times the amount of electricity than the average US household does daily: report
An average US household is using around 29 kilowatt-hours of electricity while ChatGPT is using mor…
Lakshmi Varanasi
Emissions from the cement and steel sector will continue blowing past their carbon budgets, hindering warming targets
While the International Energy Agency's rosy 2010 scenario envisioned capturing and storing nearly …
Bitcoin mining consumes 0.5% of all electricity used globally and 7 times Google's total usage, new report says
As bitcoin mining becomes more popular and competitive, it's consuming more and more energy across …
Eugene Kim
Resilient India to outperform most global economies in FY24, says Client Associates
India today is a compelling destination for both foreign direct and portfolio investors. For the fi…
Climate crisis: Net zero goal still alive, says IEA
Globally, the rate at which people are installing solar panels and buying electric vehicles is "per…
PTI
Vitalik Buterin says Ethereum's merge slashes global energy consumption by 0.2%, making it one of the biggest decarbonization events ever
A report from the Crypto Carbon Ratings Institute found that the merge dramatically reduced Ethereu…
Phil Rosen
The US unseats China as world's biggest bitcoin miner, accounting for a third of the global hash rate after Beijing's crackdown
The increase in the share of the US came after China in September banned all cryptocurrency transac…
Isabelle Lee
Global shifts make compelling case for a structural bull run in Indian assets, says Standard Chartered Bank’s wealth management office
India’s macroeconomic backdrop sets Indian financial market assets up to perform well on a multi-ye…
It’s not easy for India to curb its coal ‘addiction’ like the UN wants it to
“There is an addiction to coal that we need to overcome because it remains a major threat in r…
Electricity prices in Finland flipped negative a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away
The country just last year was limiting energy used after stopping importing energy from Russia. No…
Marianne Guenot
Bitcoin's record-high price means its energy use is soaring again - just as the world tries to tackle climate change at COP26
A higher bitcoin price means more people want to "mine" it - and that means more computers guzzling…
Harry Robertson
Global headwinds continue to drag equity markets down
Sensex slipped around 1.3% to 58,766 points and Nifty50 went down 1.2% to 17,542 on Thursday.IT, me…
Bitcoin mining isn't just consuming energy, it's also generating 272 grams of e-waste with every transaction
The study indicated that Bitcoin could produce as much as 64.4 metric kilotons of e-waste, ove…
An Indian home can live for a year with the energy it needs to mine a single Bitcoin
Bitcoin mining has long been criticised for being inefficient and a power guzzler. Now, a new repor…