TechFlow News, according to the Asahi Shimbun, Tokyo Electric Power Company (TEPCO) subsidiary Adaptive Energy X is using surplus electricity from solar farms for Bitcoin mining.
The company has deployed mining equipment near solar farms in Tochigi and Gunma prefectures, harnessing renewable energy that would otherwise be wasted.
Kenji Tateiwa, President of Adaptive Energy X, said this innovative model is the first of its kind in Japan and could promote greater adoption of green energy.
According to company simulations, if renewable energy accounts for 50% of Japan's energy mix, 240 terawatt-hours of electricity would be wasted annually. Bitcoin mining could create new revenue streams for green energy producers, incentivizing the development of more renewable energy projects.
