Energy storage: A Global Enabler for World Energy Transition
The energy crisis and decarbonization requirements speed up the process of finding alternative solutions, and energy storage plays an important role in applications such as electric vehicle applications and renewable energy.
It’s probably a good time to buy an electric car.
Ford is slashing the price of its electric Mustang Mach-E by as much $6,000, keeping pace with Tesla’s sweeping price cuts, announced just weeks before.
Ford is also increasing production of the Mach-E in an attempt to shorten wait times, which Marin Gjaja, chief customer officer of Ford’s electric Model e division, said can be up to 150 days currently.
Explore the cutting-edge technologies revolutionizing the world of agriculture. From self-driving tractors to robotic fruit pickers, learn how robotics and automation are improving crop yields, reducing labor costs, and making farming more sustainable. Discover the future of these technologies and how they are shaping the future of food production. This video is a must-watch for anyone interested in the intersection of technology and agriculture.
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Smart Orchard.
Precision Hawk.
OECD
Cambridge Consultants.
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See AI describe in text and dozens of pictures the many ways it could wipe us out. See the power of Open AI’s ChatGPT and Stable Platform text to chat and text to art. Does this resemble some of the things already afoot by human characters today? What can we do about it?
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It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.
Greater diversification could help agriculture withstand climate, economic and geopolitical crises.
“Items in this section have limited availability due to supplier production issues,” “Sorry, temporarily out of stock” and “Sold out” are all signs that became familiar as recent global upheavals exposed how precarious our food supply is.
The COVID-19 pandemic led to bare shelves in supermarkets as shipping routes were cut off. The war in Ukraine has affected the supply of essential grains.
Musk also teased that new products are under development, which presumably could be a new car model. Wall Street analysts expect a lower-cost EV that they have dubbed the “Model 2.”
“I should also say that we have other products in development. We’re not going to announce them obviously but they’re very exciting and I think we’ll blow people’s minds when we reveal them,” Musk said.
Other areas of growth for the company include Tesla insurance, which is currently at an annual premium run rate of $300 million. “We’re growing 20% a quarter so it’s growing faster than the growth in our vehicle business,” CFO Zachary Kirkhorn said.
Tech giants from Google to Amazon and Alibaba —not to mention nation-states vying for technological supremacy—are racing to dominate this space. The global quantum-computing industry is projected to grow from $412 million in 2020 to $8.6 billion in 2027, according to an International Data Corp. analysis.
Whereas traditional computers rely on binary “bits”—switches either on or off, denoted as 1s and 0s—to process information, the “qubits” that underpin quantum computing are tiny subatomic particles that can exist in some percentage of both states simultaneously, rather like a coin spinning in midair. This leap from dual to multivariate processing exponentially boosts computing power. Complex problems that currently take the most powerful supercomputer several years could potentially be solved in seconds. Future quantum computers could open hitherto unfathomable frontiers in mathematics and science, helping to solve existential challenges like climate change and food security. A flurry of recent breakthroughs and government investment means we now sit on the cusp of a quantum revolution. “I believe we will do more in the next five years in quantum innovation than we did in the last 30,” says Gambetta.
But any disrupter comes with risks, and quantum has become a national-security migraine. Its problem-solving capacity will soon render all existing cryptography obsolete, jeopardizing communications, financial transactions, and even military defenses. “People describe quantum as a new space race,” says Dan O’Shea, operations manager for Inside Quantum Technology, an industry publication. In October, U.S. President Joe Biden toured IBM’s quantum data center in Poughkeepsie, N.Y., calling quantum “vital to our economy and equally important to our national security.” In this new era of great-power competition, China and the U.S. are particularly hell-bent on conquering the technology lest they lose vital ground. “This technology is going to be the next industrial revolution,” says Tony Uttley, president and COO for Quantinuum, a Colorado-based firm that offers commercial quantum applications. “It’s like the beginning of the internet, or the beginning of classical computing.”
This will reduce carbon emissions from mining operations but is that the only way?
TeraWulf, a Minnesota-headquartered company, will become the first entity in the U.S. to power its Bitcoin mining operations with nuclear energy, CNET.
Luza studios/iStock.
Continue reading “First nuclear-powered Bitcoin mine to start operations in US this year” »
