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What is energy storage in Japan?

Energy storage in Japan consists of thermal storage, hydro, pumped hydro, and Battery Energy Storage Systems. As Japan works to increase renewable penetration to meet its Net Zero targets, grid balancing becomes more critical to ensure grid stability and replace the inertia typically generated by thermal generators.

How can ANRE increase Japan's energy self-sufficiency rate?

In order to increase Japan’s energy self-sufficiency rate to 30% by 2030, ANRE aims to expand renewable energy, with the target of raising its share from the current 20% to 36-38%. In order to achieve this goal, Japan is focusing on scaling up domestically produced renewable energy sources, including solar and offshore wind power.

Who owns the battery storage facility in Japan?

Project financing has been arranged by MUFG Bank representing the first battery storage project they have arranged finance for in Japan. Under the offtake agreement, Eku Energy will own the BESS while Tokyo Gas will own 100% of its operating rights for 20 years, with Eku Energy responsible for the ongoing maintenance of the facility.

How can Japan encourage investment in energy storage?

Japan’s development of revenue streams through its wholesale, capacity, and balancing markets, coupled with CAPEX subsidy schemes for grid-scale battery projects, provides a framework to encourage investment in energy storage.

What are the policy settings for battery energy storage in Japan?

The policy settings in Japan support investment in Battery Energy Storage and are compatible with delivering safe, secure and reliable green energy in a cost-effective manner to energy consumers, which is our mission. Kentaro Ono, Eku Energy Japan’s Managing Director, said:

Who is EKU energy Japan?

Hirofumi Sho, Eku Energy Japan’s Japan Head, said: As a company specialising in battery storage, Eku Energy has created strong foundations in Japan. We are working innovatively with stakeholders to respond to the increasing demand for battery storage and realise a more sustainable energy future.