Does Tokyo Gas have a battery energy storage system?
Tokyo Gas is also participating in the Japanese utility-scale battery energy storage system (BESS) market, signing a 20-year tolling offtake deal with Australian developer Eku Energy for a forthcoming 30MW/120MWh project.
Why are battery storage systems being installed in Japan?
Several megawatt-hours of residential battery storage systems, typically paired with solar PV, are being installed in Japan on a monthly basis. This is largely due to concerns about losing power at home, given the seismic activity the country is frequently subject to, as well as extreme weather events like typhoons.
Which companies are launching a battery balancing programme in Tokyo?
Another Tokyo-headquartered utility, Tokyo Gas, also began a similar programme with residential batteries. The company markets and installs battery storage systems to households, and also has a new solutions service, branded Igniture, which controls the charging and discharging to participate in power supply-demand balancing.
Does Japan have a grid-scale battery storage market?
Japan’s grid-scale battery storage market has been relatively slow to take off, with relatively limited revenue opportunities that focus largely on ancillary services, with some capability of earning money through the JEPX power exchange spot market. There are also some subsidy schemes in place.
Does MUFG Bank finance a battery storage project in Japan?
It is also the first standalone battery storage project in Japan for project finance provider MUFG Bank, although the banking group has financed multiple projects in other territories including the US and Europe.
What is Tokyo's battery storage subsidy scheme?
In related news, today, the Tokyo Metropolitan Municipal Government announced details of its own battery storage subsidy scheme, set to run from this year until 2030, with a budget of JPY13 billion (US$84 million) in total and open to entities with either head or branch offices registered in the nation’s capital.
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"Battery Storage Subsidies in Japan" | Atsumi & Sakai
In addition, details of a third battery subsidy scheme, which is currently Tokyo-specific, is considered. Please click here for the full newsletter. Publication date 2023.02 Services Carbon Neutral / Renewable Energy, etc. Publisher Atsumi & Sakai Authors
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