Japan Energy Storage Policies and Market Overview
Japan''s energy storage landscape is shifting, pushed by household demand, corporate ESG mandates, and domestic battery manufacturing. The residential lithium-ion
Japan's energy storage landscape is shifting, pushed by household demand, corporate ESG mandates, and domestic battery manufacturing. The residential lithium-ion market, projected to grow at a CAGR of 33.9% through 2030, remains one of the fastest-expanding segments.
In 2015, we started Japan's first demonstration project covering energy storage connected to the power grid in the Koshikishima, Satsumasendai City, Kagoshima. This project is still operating in a stable manner today. One feature of our grid energy storage system is that it utilizes reused batteries from EVs.
Home battery aggregation projects from Tokyo Electric Power Co, and Tokyo Gas, two major utility companies in the Japanese capital.
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.
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