Japanese energy storage cabinet project bidding

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.

Are Japan's first competitive auctions for low-carbon energy capacity successful?

by Catie Owen | May 8, 2024 | Storage | 0 comments 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.

Why are Japanese companies investing in battery energy storage systems?

Sign up here. That is creating surging interest in battery energy storage systems (BESS) to smooth mismatches in supply and demand. Since December 2023, companies have announced investments of at least $2.6 billion in Japanese battery storage projects, according to calculations by Reuters.

Which battery energy storage projects have been selected for 2024?

Battery energy storage projects in Japan have been selected through the Long-Term Decarbonisation Power Source Auction for 2024.

Why are Japan and Kyushu so attractive for battery projects?

"Tohoku and Kyushu regions have a lot of renewables, which makes these regions very attractive for battery projects, and that's why there is a lot of contracted and considered projects there already," said Uranulzii Batbayar, a Tokyo-based analyst with Rystad Energy.

Why does Japan have a low base of grid-connected Bess?

Japan's low base of grid-connected BESS allows for growth, Batbayar said, with the recent setback to Japan's offshore wind market expansion from Mitsubishi's (8058.T) withdrawal unlikely to hinder development of battery projects. As of March, Japan had 0.23 GW of grid-connected BESS, according to METI.