This week, I welcome the CEO of Soluna, John Belizaire. Soluna is on a mission to solve one of renewable energy’s biggest challenges: wasted power.
Read: Empowering Entrepreneurs with Renewable Energy: A Conversation with Soluna's CEO
Soluna uses computing power to accelerate the renewable energy future.
Their data centers can purchase every excess megawatt and channel it into processes like cryptocurrency mining or machine learning.
It's a low-risk, seamless solution—just as simple to use as a smartphone.
But first, what is renewable energy, why is it important, and why should entrepreneurs care?
What is Renewable Energy?
Renewable energy, also known as clean energy, comes from natural sources that are constantly replenished. Wind, solar, and water power (from waves or dams) are key examples. These sources never run out and don’t harm the planet the way fossil fuels do.
I've personally noticed the increase in solar panel installations around Oregon, and I’ve even seen the massive wind turbines up close. My friend Kurt is currently installing fields of solar panels in Arizona. The shift toward renewable energy is unmistakable.
Why Entrepreneurs Should Care
According to the International Renewable Energy Agency (IRENA), almost two-thirds of wind and solar projects built globally last year now generate cheaper electricity than the world's cheapest new coal plants. This energy transition is already happening, and the overall costs are dropping, which can significantly reduce operational expenses for businesses.
Renewable energy not only lowers costs but also conserves natural resources. Fossil fuels—responsible for over 80% of carbon emissions—are finite. In contrast, renewable energy never runs out, reducing dependence on imported fuels and lowering the risk of supply chain disruptions or fuel spills.
Plus, renewable energy investments often stay local, creating jobs and boosting local economies. Entrepreneurs can benefit from this economic impact while contributing to a cleaner, more sustainable planet.
The Environmental and Economic Impact
Fossil fuels are a major contributor to carbon emissions and air pollution, which negatively affect both the environment and public health. On the other hand, renewable energy sources emit little to no greenhouse gases, reducing the impact of climate change.
Cost is another factor. Because renewable energy is produced locally, it’s less vulnerable to geopolitical crises, price spikes, or supply chain issues. For entrepreneurs, this means lower costs and fewer risks.
In Conclusion
As entrepreneurs, we must consider the health of our planet. After all, there’s no global entrepreneurship without a globe to support it. Renewable energy offers cleaner air, lower costs, and sustainable growth—critical factors for any business.
It’s time to put the power of energy back in the hands of entrepreneurs. Tune into today’s episode to learn more about how Soluna is leading the charge in renewable energy.