Tokyo Electric Power to construct solar plant in U.S.
CALIFORNIA - Tokyo Electric Power's U.S. subsidiary Eurus Energy Holdings plans to construct a solar power plant in the state of California, reported Agence France-Presse, citing the Nikkei business daily.
According to the report, the company intends to benefit from incentives expected to be provided by the new U.S. government to boost solar power generation. The company plans to start operations at the 1,000kW plant by 2010.
Earlier, the U.S. government announced that it had allocated $38 billion for investments in the environmental and energy sectors and $20 billion in tax incentives to provide impetus to private investment in this sector.
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BC Hydro suspends new crypto mining connections due to extreme electricity use
VANCOUVER - New cryptocurrency mining businesses in British Columbia are now temporarily banned from being hooked up to BC Hydro’s electrical grid.
The 18-month suspension on new electricity-connection requests is intended to provide the electrical utility and provincial government with the time needed to create a permanent framework for any future additional cryptocurrency mining operations.
Currently, BC Hydro already provides electricity to seven cryptocurrency mining operations, and six more are in advanced stages of being connected to the grid, with a combined total power consumption of 273 megawatts. These existing operations will not be affected by the temporary ban.
The…
