To lead with the usual disclaimer – I really have no axe to grind with cryptocurrencies per se, and they may well be some next generation pseudo-anarchic way to bypass governments that will usher in the next wave of social reorganization. Fine. Nor do I speculate in them, because they are not boring enough. This focus here rather is on their energy use aspects, especially in light of our amazing recent advances in Levelized Costs of Electricity (LCOE) for renewables and their intermittent and wacky impact on daily power prices.
It all comes back to the duck
From the viewpoint of responsibly matching energy production and use, it’s worth compiling some thoughts on how renewables and consumption avenues such as cryptocurrencies might complement each other (or not). These may have implications for our investment philosophies – be it time or capital. Let’s start with two seemingly unrelated problems, and then discuss a myriad of opportunities.
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