Japan’s largest power utility, TEPCO, is exploring Bitcoin mining using surplus renewable energy through its subsidiary, Agile Energy X.
TEPCO estimates that using 10% of Japan’s surplus renewable energy for Bitcoin mining could generate up to $2.5 billion a year.
Japan’s Tokyo Electric Power Company (TEPCO) is exploring green energy management through its subsidiary, Agile Energy X. By utilizing surplus renewable energy for Bitcoin mining, the company aims to tackle energy waste and generate significant revenue.
According to a report by local media Asahi Shimbun, Agile Energy X revealed that Japan’s excess electricity, which often goes to waste, could be redirected to Bitcoin mining rigs. This shift could potentially generate up to $2.5 billion in annual revenue.
This move is part of TEPCO’s strategy to optimize surplus electricity. The company has pursued this project since 2020 with the introduction of a new surplus electricity trading system.
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