If the scenario you laid out actually pans out it would be very good for Bitcoin, because there is a lot of free energy in the world but it is highly distribute

If the scenario you laid out actually pans out it would be very good for Bitcoin, because there is a lot of free energy in the world but it is highly distributed. The dominant form of mining would be utility companies and individuals redirecting excess electricity generated from their renewable electric power generators, during off-peak hours and spikes in generation, to mining, and the constituents would be both numerous and globally distributed, owing to the wide geography areas across which renewable energy resources are found.