Japan energy storage power station tender announcement

How many battery energy storage projects have been awarded in Japan?

In Japan’s first competitive auctions for low-carbon energy capacity, more than a gigawatt of bids from battery storage project developers have been successful. The awarded contracts total 1.67GW, including 32 battery energy storage system (BESS) projects totalling 1.1GW and three pumped hydro energy storage (PHES) projects totalling 577MW.

Will Japan invest in battery storage?

Japan's first auction for long-term zero emissions power capacity has attracted strong bidding interest with a plan to install battery storage, as investment in the power storage system is gaining momentum in line with expanded use of fluctuating renewable energy sources.

How many battery energy storage projects have won a bid?

Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in Japan. A total 1.67GW of projects won contracts, including 32 battery energy storage system (BESS) totalling 1.1GW and three pumped hydro energy storage (PHES) projects totalling 577MW.

How much power does Japan have in 2023-24?

Awarded capacity for battery storage as well as pumping-up electric power facilities reached 1.67GW, exceeding the 1GW sought by the auction. Japan has secured a total of 9.77GW of net zero capacity through the 2023-24 auction.

What is a long-term decarbonization power source auction?

The selected developers and plant owners will be awarded a 20-year fixed revenue. Japan's Organisation for Cross-regional Coordination of Transmission Operators (OCCTO) has published the results of the country's first capacity auction, the so-called Long-Term Decarbonization Power Source Auction.

Which companies have been awarded a TSO project in Japan?

Four were awarded in the Tokyo TSO area, three in Chubu, two in Kansai and Chugoku each, and one in Tohoku. Four companies including Hanwha’s Q.ENEST Holdings, Banpu Japan, Mitsuuroko Green Energy, and Kurihalant were awarded two projects.