, 2022-12-18 09:30:00,
Electric vehicles (EVs) and cryptocurrencies are nothing short of evolution in their respective domains. Although both the entities are different from each in terms of their operations, customers being served and working mechanism, etc. But one thing that makes them common is their energy consumption. With the passing time, they both are increasing and so their usage of electricity is likely to grow—which is a concern.
Reuters reported that an organization responsible for US power grids reliability, North American Electric Reliability Corporation (NERC) registered its concern regarding the same. It said that growing adoption of EVs and crypto mining on the rise would result in increased challenges to the power reliability of the country in upcoming time.
EV production and adoption prosper with the US Inflation Reduction Act like government policies. While use of bitcoin like crypto increases tends to increase in bitcoin mining—a heavily energy intensive process. Both result in an additional pressure given the demand given the fragile situation of the country’s electrical grid affected by closure of power plants, NERC added.
NERC reliability assessments manager, Mark Olser said that the newer uses of electricity could result in significant altering of the system’s nature, how it is going to be operational and what measures to take to make it able to provide the desired output.
The agency cited the data estimated by the California Energy Commission which…
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