Today’s energy sector is significantly changing its landscape due to technological progress and innovations. Current energy systems are undergoing significant changes and shifting their business logic affecting various aspects of our lives.
Rapid growth, speed, and continuation of technological advancements change the mechanisms of functionality and maintenance while involving such technologies as blockchain, artificial intelligence and machine learning, progressive mining facilities, etc. With the primary shift concerning renewables such as solar and wind generation, the expected increase by a factor of 60 and 13, respectively, from 2015 to 20501 is opening a great landscape of opportunities within energy and utilities.
In line with the current industry state, Karvuon aims to produce as much energy as needed to fulfill the ever-growing appetite for its consumption and bring energy primarily to the Blockchain industry and additionally other industries. With the rapid growth of blockchain, the technology itself is advancing at an alarming rate. Even with all the advancement and adaptation, the industry requires fuel to run on - energy. Because the energy sector is already under heavy load caused by other industries, the blockchain industry needs a new energy source that is cheap, feasible, and sustainable which results in the need for a resistant energy source. Respectively, Karvuon positions Mongolia as a land-rich country capable of producing enough energy from its resources.