Japan lithium battery energy storage 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.

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.

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.

What is Japan's long-term decarbonization power source auction?

Japan’s Long-Term Decarbonization Power Source Auction marks a significant milestone in the country’s journey towards carbon neutrality. By incentivizing the development of renewable and low-carbon power sources, including battery energy storage systems, this auction sets the stage for a sustainable energy future.

How much power does Japan need to produce a lithium ion battery?

Japan will need to install 38-41GW of renewable capacity, nearly triple actual output of 14GW in 2019. Japan is looking to establish lithium-ion battery production capacity of 150GWh/yr domestically and 600GWh/yr globally by 2030.

How much lithium does Japan need?

Japan is looking to establish lithium-ion battery production capacity of 150GWh/yr domestically and 600GWh/yr globally by 2030. The trade and industry ministry projects the latter target will require 380,000 t/yr of lithium, 310,000 t/yr of nickel, 600,000 t/yr of graphite, 60,000 t/yr of cobalt and 50,000 t/yr of manganese.