Japan Launches Largest Renewable Battery Storage Project By
Japan''s largest renewable battery energy storage system (BESS) project has broken ground in Kyushu spearheaded by developers, Osaka Gas and Sonnedix. The construction will
Since December 2023, companies have announced investments of at least $2.6 billion in Japanese battery storage projects, according to calculations by Reuters. That includes $677 million in spending by Japanese real estate firm Hulic (3003.T) announced in January and $1.3 billion by trading house Sumitomo (8053.T) last year.
Rystad forecasts Japan's battery storage capacity could reach about 4 GW based on projects under construction, planned and awarded, which would require $6 billion in investment.
Mahdi Behrangrad, head of energy storage system and virtual power plant department at Pacifico Energy, an early participant in Japan's battery storage sector, with projects in Kyushu and Hokkaido, agrees the LTDA changes support existing power generation assets rather than storage and could harm additional battery investments in Japan.
As of March, Japan had 0.23 GW of grid-connected BESS, according to METI. By comparison, China has 75 GW and the U.S. has installed nearly 26 GW of battery storage capacity, according to the Energy Institute.
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