Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO), is exploring the possibility of implementing Bitcoin mining to utilize excess renewable energy.
Agile Energy X and Its Project
Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO), Japan's largest electric company and the fourth largest in the world, plans to implement Bitcoin mining. The project aims to prevent the waste of surplus renewable energy.
Statements and Motivation
Agile Energy X President Kenji Tateiwa emphasized the importance of this project: "What we are doing has few parallels in Japan. Success of our framework would prompt more green energy to be introduced." The project was inspired by issues concerning power control raised back in 2018.
Plans and Prospects
Currently, the company has yet to start Bitcoin mining. Kenji Tateiwa has proposed this new in-house project, which will be thoroughly tested through multiple demonstrations. The initiative will allow energy producers to manage their excess capacity, especially during daytime peak generation.
The Agile Energy X project could become a significant step in utilizing excessive renewable energy, leading to the development of more sustainable energy solutions.
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