Worried About Crypto Energy Use? Check Out These Clean Energy Plays
Tesla's (NASDAQ: TSLA) Elon Musk recently made headlines after saying the electric vehicle maker would no longer accept Bitcoin (CRYPTO: BTC) as a payment due to "rapidly increasing use of fossil fuels for bitcoin mining and transactions." According to the Cambridge Bitcoin Electricity Consumption Index, the cryptocurrency uses more energy than entire countries, including Sweden and Malaysia.
However, while fossil fuels are the global economy's primary power source right now, we're rapidly pivoting toward cleaner alternatives. Several companies are helping drive the energy transition. Three that stand out to our energy contributors as leaders are Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and NextEra Energy (NYSE: NEE). Here's why they make ideal investments for those concerned about Bitcoin's energy usage.
Image source: Getty Images.
Source Fool.com
