Japan’s largest power company, TEPCO, is leveraging its surplus renewable energy to mine Bitcoin through its subsidiary Agile Energy X.
This initiative addresses a major issue in Japan’s energy sector, where solar and wind energy production often exceeds demand, leading to wasted power.
In 2023, the country curtailed 1,920 gigawatt-hours of renewable energy, enough to power hundreds of thousands of households. Agile Energy X has strategically placed Bitcoin mining rigs near solar farms in Gunma and Tochigi prefectures, using this otherwise wasted energy to fuel mining operations.
Agile Energy X’s President, Kenji Tateiwa, highlighted the potential for Bitcoin mining to create new revenue streams for green energy producers, particularly those facing overinvestment risks.
By utilizing even a fraction of Japan’s renewable energy surplus, Bitcoin mining could generate significant profits—up to $2.5 billion annually if just 10% of surplus power is used.
This move aligns with global trends, as other countries like El Salvador are also repurposing excess renewable energy for Bitcoin mining, which helps dispel the myth that mining is inherently harmful to the environment.
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