BLOCKCHAIN
“ As the adoption of cryptocurrencies and blockchain continues to grow , it ' s evident that the technology will underpin our future financial systems ”
KEN WEBER HEAD OF SOCIAL IMPACT , RIPPLE
real-time demand , greater grid resilience through diversified power sources , and a limited role of centralised trade exchanges , utility sector leaders that use blockchain wisely could realise substantial benefits .” In the aftermath of Glasgow , the ties between blockchain and sustainability look set to strengthen . Ripple , which provides enterprise blockchain and cryptocurrency solutions , has announced a strategic ESG investment with Nelnet Renewable Energy , a Nelnet business , through a $ 44 million joint investment into one of Nelnet ' s solar energy investment funds .
The joint investment , majority funded by Ripple , will fund solar energy projects throughout the US in support of the transition to a cleaner and more stable energy future . The projects are estimated to offset over 1.5 million tons of carbon dioxide over 35 years . “ As the adoption of cryptocurrencies and blockchain continues to grow , it ' s evident that the technology will underpin our future financial systems ," said Ken Weber , Head of Social Impact at Ripple . " We ' re excited to work with Nelnet as we pursue our commitment to reduce the carbon footprint of financial services globally and to deliver on the promise of a carbon negative cryptocurrency industry ."
BB Energy , a leading global independent energy trading company , successfully closed a $ 500 million senior secured revolving borrowing base credit facility . Based on an initial launch size of $ 450 million , the facility was oversubscribed with commitments received from a diverse group of eight lenders . The deal is the first U . S . digital borrowing base achieved by BB Energy through a partnership with Komgo , a Swissheadquartered fintech .
Shenping Yin , CEO of Recon , which entered into a share exchange agreement with Starry Blockchain Energy in June , believes Blockchain technology has the potential to reshape sustainable energy , making energy utilisation more efficient and environmentally friendly .
“ Our investment in Starry will help Recon quickly enter China ’ s sustainable energy market . We also plan to cooperate with Starry through our subsidiary Future Gas Station ( Beijing ) Technology Company to provide technical and resource support
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