{"id":3411,"date":"2024-10-19T11:17:42","date_gmt":"2024-10-19T11:17:42","guid":{"rendered":"https:\/\/bitcoin-zukan.com\/?p=3411"},"modified":"2024-11-13T01:40:06","modified_gmt":"2024-11-13T01:40:06","slug":"agileenergyx-interview","status":"publish","type":"post","link":"https:\/\/bitcoin-zukan.com\/en\/interview-en\/agileenergyx-interview\/","title":{"rendered":"Interview with Kenji Tateiwa President of Agile Energy X | Bitcoin Mining by a TEPCO Subsidiary"},"content":{"rendered":"\n
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I want to learn more about Agile Energy X, a company that has incorporated Bitcoin mining into its business!<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n

Agile Energy X is a company aiming to maximize the integration of renewable energy and optimize the power grid.<\/p>\n\n\n\n

A 100% subsidiary of TEPCO, Agile Energy X\u2019s unique system that combines renewable energy and mining has drawn attention both domestically and internationally.<\/p>\n\n\n\n

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This article summarizes the conversation I had with Kenji Tateiwa, President of Agile Energy X.<\/p>\n\n\n\n

I asked him some honest questions and shared my thoughts on their business, so I hope you\u2019ll read until the end!<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t

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You can listen to the conversation between Kenji Tateiwa and the author (Minami) in the following podcast.
https:\/\/open.spotify.com\/episode\/7h5JQiBW0uLLMErrK52JNK<\/a><\/p>\n\n\n\n

If you\u2019d like to learn more about what kind of business Agile Energy X is engaged in, please check out the article below first.
Related article : What is Agile Energy X? Bitcoin Mining Operated by a Subsidiary of TEPCO in Japan<\/a><\/p>\n\n\n\n

Is Agile Energy X Difficult to Explain?<\/h2>\n\n\n\n
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Tateiwa-san, you\u2019ve been interviewed on various YouTube channels focused on the environment, decarbonization, and local topics.
In those interviews, I noticed you don\u2019t push the Bitcoin angle too strongly and instead mention, “This is not a business to make money with Bitcoin.”<\/p>\n\n\n\n

However, there are people interested in Bitcoin who may be expecting to hear about money-making opportunities. I feel like that makes marketing a bit tricky\u2014what are your thoughts on that?<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n

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Thank you.
We\u2019re not a company that sells a product, so we don\u2019t really need marketing.<\/p>

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Tateiwa-san: We\u2019re developing solutions to address energy problems, but it\u2019s not about selling these solutions to someone.<\/p>\n\n\n\n

There are two main pillars to our business.
The first is using Bitcoin mining as a method to make use of surplus renewable energy. However, we\u2019re not selling mining equipment to others.
Agile Energy X owns the mining equipment itself, procures unused renewable energy, and conducts Bitcoin mining with that energy as part of our business model.
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We don\u2019t need to persuade anyone that “Bitcoin is amazing.”
Wherever there\u2019s surplus electricity, we approach them and suggest collaborating to monetize the unused energy.
That\u2019s one part of our business.<\/p>

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The other part is a bit harder to explain. It addresses a challenge faced by power companies called “grid congestion.”
They want to connect more renewable energy to the grid, but there\u2019s a limit to the grid\u2019s capacity, which makes it difficult to integrate more.<\/p>\n\n\n\n

To expand the grid\u2019s capacity, transmission and distribution companies (general transmission and distribution operators) would need to invest in infrastructure upgrades, but that takes an enormous amount of time and money.
In the end, the cost of these upgrades gets passed on to customers in the form of higher electricity prices.<\/p>\n\n\n\n

Instead of upgrading the infrastructure, we propose using Bitcoin mining equipment to absorb the excess electricity that can\u2019t be fed into the grid, which helps reduce electricity costs.
This is another part of our business.<\/p>\n\n\n\n

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Again, we\u2019re not selling Bitcoin mining equipment to anyone. Agile Energy X owns the equipment and absorbs the excess electricity that the grid can\u2019t handle, ultimately helping to reduce electricity costs.
That\u2019s our business model.<\/p>

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Therefore, there\u2019s no need to promote the idea that “Bitcoin is a good asset and will increase in value.”
Our goal is simply to run a business that efficiently absorbs electricity, with a clear understanding of Bitcoin and its role.
As for the message we\u2019re sharing through platforms like YouTube, we aim to communicate that “Bitcoin isn\u2019t a bad thing, and while Bitcoin mining equipment consumes a lot of electricity, it\u2019s being put to good use, so there\u2019s no need to worry.” That\u2019s the position we take when we speak in public.<\/p>\n\n\n\n

Tateiwa-san has also appeared on Stephan Livera\u2019s podcast.<\/p>\n\n\n\n

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