An Industry-Wide Revolution? Clean Energy Innovators Flock to the U.S for Public Listing

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The intensifying geopolitical conflicts have led to a surge in global energy prices, and the world is struggling in a new energy crisis. The price of international crude oil futures rose by over USD 130 per barrel, and the gasoline price in the US soared to over USD 4 per gallon, the highest record since 2008.

Affected by such factors, European countries that rely heavily on energy imports start to feel the pinch of the new energy crisis. Since early April, some European nations have been hit by cold air intrusions for an extended period, and a few regions have suffered the lowest temperature in a century. However, due to the surging demand for natural gas, as well as the skyrocketing gas price, many residents cannot afford the expensive gas fees. As such, in these regions, woodfire has become a “normal” way to deal with extreme weather conditions.

Although fossil energy still dominates the present energy system, the new crisis has encouraged countries to review the development of renewable energy. Recently, the European Commission launched a strategic plan on energy. More specifically, the plan involves targets such as promoting energy diversification in EU countries, accelerating the adoption of clean energy technologies, etc.

At the moment, providers of sustainable energy include well-established public companies such as NextEra Energy, Orsted, and Iberdrola, as well as rising stars like SAI.TECH and Crusoe Energy.

In particular, SAI.TECH is a clean energy driven Bitcoin mining operator that offers hosting services with the world's leading energy-saving solutions to computing, power and heating industries. Relying on an integrated