Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO) in Japan, plans to enter the Bitcoin mining sector. The company hopes to prevent the waste of excess renewable energy with this initiative. Kenji Tateiwa, the president of Agile Energy X, stated that the success of this project could lead to increased use of green energy. He first proposed the idea in 2018 due to issues related to managing output from power plants. Bitcoin mining could help energy producers manage their output through various methods, including temporarily stopping power production and utilizing excess energy. This is particularly important for solar energy, which peaks during the day.
Source: cryptopotato.com
