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It is a known fact that data centers are always on and emit a lot of heat. Administrators diligently manage equipment to prevent overheating but a notable trend is emerging where certain data centers opt to repurpose their generated heat rather than releasing it. Numerous organizations are adopting innovative strategies to reuse the heat generated by their data centers, warming other facilities, residences in neighboring communities, and even swimming pools in environmentally friendly ways.
London-based startup, Deep Green, installs small data centers at energy-intensive sites, turning waste heat from computers into hot water for swimming pools. They recently secured a £200 million investment from Octopus Energy to scale up its technology and expand its services to more swimming pools across England.
Despite the environmental and economic benefits, challenges such as high infrastructure startup costs, geography, technological complexities, and potential energy losses during transmission hinder the widespread adoption of data center heat reuse. Optimal monitoring and optimization of heat cycling, liquid cooling, and airflow dynamics are crucial considerations.
As the demand for data centers rises, the efficient reuse of heat emerges as a vital component of the circular economy. Overcoming challenges through technological advancements and a global focus on heat reuse is essential for mitigating the environmental impact of energy-intensive data centers.
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French fast-charging provider Electra has successfully raised €304 million (USD $330 million) in equity funding. The cash injection will help Electra achieve its goal of installing 2,200 stations housing 15,000 charging points across Europe by 2030.
The fundraising is the largest in the charging sector's history in France and the second-largest in Europe. Headquartered in Paris, Electra has grown immensely since their launch in 2021 thanks to widespread EV adoption in Europe and a collective effort to reduce carbon emissions.
Aurélien de Meaux, Co-founder and CEO of Electra, emphasizes, "The transition to electric mobility is a key aspect of the energy transition, with the transportation sector being the largest CO2 emitter in France. We are creating a network that is very easy to use, making the transition to electric vehicles desirable and not a constraint."
Electra aims to become a pan-European player in the fast charging EV infrastructure market. The company's strategic deployment of nearly 1,000 charging points across several European countries sets the stage for their growth.
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Circle, the issuer of the second largest dollar-based stablecoin, USDC, has announced they will pursue an IPO.
Circle had previously attempted to go public through a SPAC transaction valued at $4.5 billion but it fell through at the end of 2022. The current move towards an IPO signals a positive shift in the market and public sentiment.
Circle maintains its pursuit of becoming a public company, aligning with its core strategy to enhance trust and transparency, despite the SPAC deal's setback. The company's focus on compliance and its quest for a banking license underscore its commitment to regulatory standards.
The SEC's cautious approach to blockchain firms, exemplified by the collapse of FTX, Three Arrows, Celsius and more, as well as the undergoing Binance investigation, underscores a challenging regulatory environment, with Circle navigating these complexities.
The SEC's reluctance challenges the dominant investor narrative, emphasizing the evolving and sometimes uncertain nature of blockchain-related regulations. The success of the IPO could greatly advance the crypto industry and change the way we handle financial transactions.
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