Japan energy storage industrial park

How big is Japan's energy storage capacity?

Global energy storage capacity was estimated to have reached 36,735MW by the end of 2022 and is forecasted to grow to 353,880MW by 2030. Japan had 1,671MW of capacity in 2022 and this is expected to rise to 10,074MW by 2030. Listed below are the five largest energy storage projects by capacity in Japan, according to GlobalData’s power database.

What is EKU energy's first energy storage project in Japan?

Eku Energy, the UK battery platform of Macquarie’s Green Investment Group (GIG), on Wednesday unveiled plans for its first energy storage project in Japan, a system with a capacity of 30 MW/120 MWh in Miyazaki Prefecture. Hirohara project render. Image by: Eku Energy.

When will Hirohara energy storage plant be built in Miyazaki?

The actual construction of the 30MW/120MWh Hirohara Energy Storage Plant in Miyazaki City, which is the first grid-scale project in Miyazaki Prefecture, will begin on October 1, 2024. Development of the project was first announced this April and the facility is expected to be commissioned in July 2026.

When will ORIX Energy Storage Plant be built?

TOKYO, Japan – May 30, 2024 – ORIX Corporation (“ORIX”) announced today that it will be constructing Maibara-Koto Energy Storage Plant, one of Japan’s largest *1 energy storage plants, in Maibara, Shiga. Construction will begin in November 2024, with the commencement of operations scheduled for 2027.

Will Orix build the world's largest power storage facility?

Japanese financial services group Orix is set to build one of the country’s largest power storage facilities, partnering with Tesla Inc. for the supply of industrial-scale batteries. The project in Maibara, Shiga prefecture, will incorporate Tesla’s Megapack units with a total capacity of 548 megawatt-hours.

What drives energy storage adoption in Japan?

Shunsuke Kawashima, who works across Itochu’s BESS business at all scales including residential, commercial and industrial (C&I) and utility-scale, opened the discussion by highlighting the drivers for energy storage adoption in Japan, of which he said there are two: increasing renewable energy generation and increasing demand for electricity.