Just as I predicted, Elon Musk has shown his grand playbook: more money for his empire. Today, he wrote “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.” Note the word “renewable”.

On May 13 when he tobacco-lized Bitcoin, making it suddenly dirty due to the mining process, I wrote this: ” The chief evangelist of the company, Elon Musk, cited the “rapidly increasing use of fossil fuels” for mining and transactions, and the cryptocurrency plunged. Now, Elon has just seeded another business for his empire: mining Bitcoin with renewable energy. Watch out, in the next coming months, SolarCity, his partly renewable energy business, will have things for that market need.

Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.

— Elon Musk (@elonmusk) May 24, 2021

“Why not? If holding Bitcoin is going to be tobacco-lized – yes, extremely dangerous and immoral because of fossil-based mining – the only solution would be buying SolarCity CoinMiner [I made that up]. And that is another perception demand opportunity for his generation’s finest innovator. Tesla will resume buying the coin if the mining process becomes cleaner.”

Good People, expect SolarCity to get a huge part of this bitcoin business because it is one of the largest renewable energy companies in America. Musk, we understand your playbook! I knew it was all about making SolarCity relevant again!

With this Musk revelation, SolarCity has a clear double play strategy, and it is a very significant one if the company can capture most of the opportunities. Of course, it is not a bad thing to move Bitcoin mining to the renewable space. What was confusing was the impulsive tobacco-lization of the crypto after years of buying and trading on it.

The US Air Force (USAF) is trying to make space-based solar power a reality. The USAF aims to achieve something that it believes will go a long way in addressing the energy demand of its military personnel deployed at remote bases in the short term.

It would, however, eventually be made available for civilian use. It plans to use solar panels to harvest the Sun’s energy in space, then beam it down to Earth for use. Officials say that developing such a capability would give the US Air Force a significant advantage on the battlefield.

At the moment, the US military transports fuel and other supplies to forward military facilities via convoys of vehicles and their escorts. These convoys are vulnerable to hostile air and ground strikes. The new concept, dubbed the Space Solar Power Incremental Demonstrations and Research Project (SSPIDR), would allow solar energy to be transmitted directly down to a remote outpost, regardless of its location.

The US Air Force Research Laboratory (AFRL) has posted a YouTube video explaining the concept and potential applications of such a capability. The Air Force Research Laboratory (AFRL) is dedicated to finding, developing, and integrating cheap warfighting technologies for air and space forces.

“Ensuring that a forward operating base maintains reliable power is one of the most dangerous parts of military ground operations,” says the narrator of the video, adding, “Convoys and supply lines are a major target for adversaries”.

The amount of solar energy that can be collected on the ground is limited by the amount of land available, the size of collectors necessary, and the environment. However, if the solar panels were placed in orbit, they would have unrestricted access to the Sun’s rays, ensuring a steady source of energy.

However, getting the energy to the ground is a challenge. It’s not feasible to run wires from orbit to the ground. So, according to the AFRL, it plans to launch sunlight-harvesting satellites into space that will convert solar energy into radio frequency (RF) power and beam it to Earth, where reception antennas will convert the RF energy into usable power.

The Space Solar Power Incremental Demonstrations and Research Project (SSPIDR) is described by the Air Force Research Laboratory as a series of integrated demonstrations and technology maturation initiatives.

This initiative, though it seems military-focused, will enhance the scope of cleaner energy sources. Solar energy has recently become the focus of the push to divest from fossil fuel and coal-generated electricity.

However, the concern remains if the United States will be willing to share the technology with every country for the sake of the environment. China is a major contributor to the global carbon emission due to its coal-based source of energy. But China’s status as a hostile nation to the US means that the Space Solar Power Incremental Demonstrations and Research Project will likely not going to be shared with her, even though it will hinder the 2050 zero-emission climate goal.

(How Not to Manage Tension at Work)

“Rod Loy who leads a large organization in Little Rock, Arkansas, says that when he was a leader in the middle of an organization, he kept a file called, “Things I will never do to my team when I become the top leader.” As a leader in the middle, he knew that the natural temptation will be to let off steam with his co-workers. He short-circuited that tendency to vent his frustration to others by simply writing down his observations and putting them in a file. It cleared the air for him, prevented him from violating his leader’s trust and ensured that he would remember the lesson of any mistake made by his leader.” -The 360° Leader by John C. Maxwell

In this piece, I will share a story of an event that happened a few years back. I was going through  my highlights from my last study of The 360° Leader by John Maxwell when the passage above brought back memories. I hope you enjoy reading and also get something valuable.

The Circumstances

In one of the organizations I worked, cost of operations was competing with revenues. The management decided to downsize the workforce by terminating the employment of a large number of staff in the branches while in the Head Office those who earned high wages were retrenched in order to improve the books.

The Tension

A young lady was employed in one of the units to assist a senior staff. She was employed on one-third (1/3) of his pay and it was obvious to everyone that his sack was imminent. Management directed him to train her on the job but he refused. He feared he would lose his job if he taught her. The young lady also had the same fear of losing her job if she didn’t learn fast.

The Victim

One morning the young lady came to me and asked if we could talk. I obliged her. Since we worked in an open space office, we went into the lunch room. She managed to pull herself together after wiping off the tears that rolled freely down her cheeks. “I dread coming to work every day. Since I started work here John (not real name) has refused to teach me or engage me in any task. I sit all day doing nothing. He won’t even talk to me. What should I do?” She asked. I was touched and encouraged her thus, “Be strong in knowing that whoever digs a pit for you will be the victim.” 

The MD’s Invite

Few days later, the MD invited them into her office. She asked the senior staff, “Has this young lady learned the job?” He answered in the negative, “She is not competent! She is so dull that she can’t learn. In short, she should be sacked!” Then the MD turned to the young lady and asked, “Does John knows his job?” And she said, “yes he knows his job. He is excellent at it.” “That’s all I want to know”, said the MD. You can both return to work.

Payday Surprise

The weekend coincided with payday for that month and we were all in high spirits as our accounts have been credited. It was five minutes to the close of work and a mail dropped in for this senior staff; I was sitting beside him close enough to have heard the sound of the notification from his laptop. He quickly opened it to know the content. And suddenly his countenance changed like quicksilver from being merry to anger. He just received his sack letter from the MD. He was directed to hand over the company’s properties in his possession before leaving. The young lady was asked to assume his position. Incensed against the MD, he rained insults on her in her absence as he packed his box.

The Table Turned

In a short while, I resigned and left the organization. I received a call from a friend who was still working there and he said I would not believe what he was about to tell me. That the young lady had turned into the monster that once tormented her. “How?!” I interjected. He continued, “A young man was employed to assist her and she is treating him the same way she was treated; sometimes she yells at him”. I was shocked.

Conclusion

This young lady, now in the position of that former senior staff, felt the tension he felt believing she was about to lose her job and acted the same way he did by venting her frustration on her team member. She missed a golden opportunity to become a better leader from a negative experience. How about you? Have you become the monster that once tormented you?

Happy to announce that today we wired money to a team of amazing builders in Lagos. That is their first raise. It is an API startup in a sector I have been watching. That makes it my 4th personal investment since March. I sold a small US company, mainly on the IP [those ideas which you have no time to pursue further], and want to support builders and makers in Africa.

But unlike before where I revealed these portfolios, I have become a new capitalist: I only share their names after Tekedia Capital syndicate members have checked the deal flows. Once they see and make their decisions, I will announce them publicly. Our Demo Day is June 12, and after that, we will close some investments. Then, we will reveal: I do not want you to go and inflate valuations! Lol.

Nations rise when pioneering entrepreneurs emerge. Nigeria, Africa will rise as young people begin to fix frictions. Tekedia Capital will be part of the equation.

Good People, there is never an absolute perfect time. Do not plan to be super-ready. As I always tell young people, if you only accept new jobs which you think you are 100% ready on Day 1, you will not advance your mission.

Yes, 100% readiness means it is possibly your old role, in a new codename. The key for progress is developing capabilities to adjust, adapt, and advance the mission, on the fly.

The same happens on running businesses. Simply, LAUNCH. It is about time. But as you fly, check the wings to ensure you are within the appropriate altitude.

Good luck.