＜Attachment＞
About Agile Energy X, Inc.
1. Agile Energy X Business Overview
Agile Energy X will establish a first-of-its-kind business model in Japan by which variable
renewables are used to run portable distributed energy resource facilities*1, including
distributed computing systems, to flexibly create power demand. As a result, surplus energythat has up until now been curtailed and wasted will be effectively leveraged. Furthermore,
Agile Energy X also aspires to promote the local production and local consumption of electricity
by developing stranded clean energy resources in regions where they are not utilized due toprofitability issues.
*1 Distributed Energy Resource (DER) refers to distributed energy facilities that play a rolein either power generation, storage or demand.
Distributed computing can flexibly create and suppress electricity demand by operating
computers at times and in areas where excess power is generated. Distributed computing
makes this possible by enabling multiple computers in remote locations that are connected toa network to perform complex computational tasks in small batches that are interruptible.
Among distributed computing, cryptocurrency mining, in particular, is extremely flexible interms of demand generation. Because cryptocurrency mining is unique in that it does not havedirect customers, mining machines can be turned on or off at will. Furthermore, cryptocurrency
mining systems have high installation flexibility since there is no need for broad-bandcommunication or complex auxiliary systems such as air conditioning.
There has been criticism of cryptocurrency mining on a global scale due to the increase inpower consumption and subsequent environmental impact. At Agile Energy X, we thought
outside the-box and leveraged the high power consumption attribute of computers to solve
problems that hinder the increased use of renewables thereby promoting carbon neutrality.
*2 According to the Cambridge Centre for Alternative Finance (CCAF), which estimates theamount of power consumed by the mining of bitcoin, a cryptocurrency, the amount of power
consumed in the course of bitcoin mining is increasing annually (https://ccaf.io/cbeci/index).
Some examples of specific stakeholder solutions that will be offered include:【Municipalities】
Purchase surplus electricity from renewable power facilities built by local governments topromote decarbonization and use it for distributed computing. A portion of the profits from thedigital value and environmental value generated will be returned to the local government. This
will contribute to the promotion of carbon neutral urbanization, local energy production for local
consumption, and the revitalization of the local economies.
【Renewable energy generators】
Purchase surplus electricity from renewable energy operators and use it for distributed

computing. This will improve the profitability of renewable energy operators by securing a buyer
for the surplus power and promoting the use of additional renewables.
【Transmission and distribution operators】
Generate demand through distributed computing in grid-congested areas and provide
flexibility to transmission and distribution operators through a market mechanism formitigating congestion that is currently being studied by the government. This solution will also
contribute to improving resilience by promoting local energy production for local consumption.

＜Business Model Overview＞

2. Company Overview
Name
P l a c e
capital stock
Shareholdingr a t i oRepresentative
Established
Commencementof businessAgile Energy, Inc.
2-16-5 Konan, Minato-ku, Tokyo
350 million JPY (including capital reserves)
TEPCO Power Grid, Inc.: 100%
Kenji Tateiwa, Chief Executive Officer
August 26, 2022
October 1, 2022

Provide solutions for converting power into digital value that utilize
distributed energy resource facilities that can be installed and operated inan agile and flexible manner in accordance with power supply/demandMain and grid congestion.
B u s i n e s s Solutions include container-based distributed computing andcryptocurrency mining systems that contribute to the maximum utilizationof stranded clean energy resources and the optimization of power gridsystems.