Japan: Large-scale battery storage opportunities in an evolving
These have come from a mix of major Japanese industry players, including electric utilities and large corporates, and international players like technology providers Tesla, LS
A Growing Need for Energy Storage The increasing generation of renewables on the Japanese grid has led to various support policies and CAPEX subsidy schemes to support the deployment of grid-scale Battery Energy Storage (BESS).
Tokyo Electric Power could face 2 trillion yen ($23.6 bln) in special losses in the current business year to March 2012 to compensate communities near its crippled Fukushima nuclear plant, according to JP Morgan.
These are the Ministry of Economy, Trade, and Industry (METI) and the Tokyo prefectural subsidies. There are a series of requirements to be eligible: projects must have a minimum capacity of 1 MW, the battery must be able to participate in various markets, and the battery must be directly connected to the grid. The Market for Energy Storage
Going forward, the plan is to launch the first energy storage station around fiscal 2025, and then proceed with the development and operation of energy storage stations one after another. ITOCHU has developed a product lineup that meets market needs, from home storage batteries to large-scale energy storage systems for industrial and grid use.
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