Japan overseas energy storage project energy storage workshop

Where is the Hirohara battery energy storage system located?

Thank you. The Hirohara Battery Energy Storage System (BESS) is located in Oaza Hirohara, Miyazaki City, Miyazaki Prefecture. The 30MW/120MWh battery is Eku’s first in Japan, and the company has agreed a 20-year offtake agreement for the project with Tokyo Gas.

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.

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 is EKU energy's first project in Japan?

It is Eku Energy’s first project in Japan to reach financial close and will be located in Miyazaki City, the capital of Miyazaki Prefecture on the southern island of Kyushu. The 30MW asset will be 4-hour duration (120MWh), and a 20-year offtake agreement is in place with Tokyo Gas.

Where in Japan will a solar power plant be built?

Geographically, three of the projects will be built in Ibaraki Prefecture, two in Kanagawa, Chiba, and Tochigi each, and one in Tokyo, Saitama, and Gunma each. As Japan works to expand battery storage amid growing solar and wind capacity, METI also runs a similar subsidy scheme at the national level.

Why are battery storage projects growing in Japan?

The ramp up of battery storage projects in Japan continues apace, aided by growing subsidy avenues and rising volumes on various electricity markets, from spot to balancing to capacity.