TechFlow reported that according to the Asahi Shimbun, Adaptive Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO), is using surplus electricity from solar farms to mine Bitcoin.
The company places mining equipment near solar farms in Tochigi and Gunma prefectures, utilizing 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 is expected to promote the introduction of more green energy.
According to the company's simulation data, if renewable energy accounts for 50% of Japan's energy system, 240,000 GWh of energy will be wasted. Through Bitcoin mining, new sources of income can be created for green energy producers, stimulating the development of more renewable energy projects.
