U.S. joins International Renewable Energy Agency
WASHINGTON, D.C. - The United States joined the International Renewable Energy Agency (IRENA) as part of the Obama administration's commitment to developing a new energy policy, Secretary of State Hillary Clinton said.
IRENA was established in January to promote development of the renewable energy industry worldwide. To date, 135 nations have joined the global organization that will be headquartered in the United Arab Emirates.
"Our government's participation is an important element of the administration's effort to support clean energy technologies and the development of low carbon economies to address global climate change," Clinton said in a statement.
Clinton added that the new agency would help ensure that global resources are put to maximum effect, especially in response to the needs of the developing world.
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Electricity deal clinches $100M bitcoin mining operation in Medicine Hat
TORONTO - The City of Medicine Hat has agreed to supply electricity and lease land to a Toronto-based cryptocurrency mining company in a deal that will see $100 million in construction spending in the southern Alberta city.
The city will provide electric energy capacity of about 42 megawatts to Hut 8 Mining Corp., which will construct bitcoin mining facilities near the city's new Unit 16 power plant.
The operation is expected to be running by September and will triple the company's operating power to 60.7 megawatts, Hut 8 said.
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"The signing of the electricity supply agreement and the land lease represents a key component…
