Innovation: Renewable energy in the future of manufacturing

Summary notes: 

Renewable energy technology is making its way into the manufacturing business in a big way. 

The cost of the technology used to harness renewable energy is coming down due to increased volume. Manufacturers are taking advantage of this opportunity as they can service more customers with lower energy expenses.   Solar farms are a popular option as they provide income while reducing risk.

In order to stay relevant, one has to adapt to the changing environment and not be left behind.  Many wise business people are integrating bitcoin mining into energy input manufacturing operations, with an example of a man in Austin who partners with oil producers to mine bitcoin from the extra gas produced during digging.

 

Timestamps

0:01:26 Renewable Energy in Manufacturing Processes

0:03:28 Exploring the Benefits of Renewable Energy and Bitcoin Mining

0:09:26 Exploring the Benefits of Utilizing Existing Resources for Manufacturing

0:11:12 The Benefits of Acquiring Goods in a Preferred Currency in the Metal Business

 

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Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

 

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