TechFlow news — On September 9, according to Coinpost, Agile Energy X, a subsidiary of Tokyo Electric Power grid, announced the installation of Bitcoin mining equipment alongside solar power plants in Tochigi and Gunma prefectures, launching an experiment to utilize surplus renewable energy for mining. Kenji Tateiwa, representative of Agile Energy X, stated that mining can provide power generators with a new source of revenue and promote wider adoption of green energy.
Agile Energy X estimates that if renewable energy accounts for nearly half of the nation's electricity supply, approximately 70 million households' annual electricity consumption could be wasted. If 10% of this surplus were used for Bitcoin mining, it could generate around 360 billion yen ($2.5 billion) in annual revenue. This initiative aims to address electricity waste caused by the intermittency of renewable power generation while supporting Japan's goal of achieving carbon neutrality by 2050.
