Two large-scale solar plants planned for the northern Japanese island of Hokkaido will be paired with utility-scale energy storage, in order to meet regulations set out by the region’s electricity authority.
Bloomberg New Energy Finance (BNEF) senior analyst Logan Goldie-Scot discusses with Energy-Storage.News drivers for the recent uptick in storage across the globe, as well as insights on why America has an ideal regulatory approach to storage technologies, the recent UK tender, and the potential of dynamic markets in Asia Pacific.
A new report from Bloomberg New Energy Finance (BNEF) details how more than US$8 billion will be invested in new-build energy storage in the year 2024, driven by an increase in deployment of behind-the-meter storage.
Energy storage capacity additions will double worldwide to 2.9GWh this year, up from 1.4GWh in 2015, according to the latest report from analyst firm IHS Markit.
Utility-scale solar projects in a region of Japan affected by fears of grid capacity constraints have been supplied with energy storage, aimed at mitigating the potential effects of output curtailment.
Sharp has launched its latest home energy storage systems in Japan, with features geared towards meeting changes in the electricity market that are underway in the country.
The Japanese city in which the manufacturing bases of lithium-ion battery makers including Panasonic, Hitachi Maxcell and GS Yuasa are located will play host to the world’s biggest energy storage battery and system testing facility to date.
A spokesman for Solar Frontier has said that a retrofit market for up to half a million home energy storage systems could open up in Japan from the year 2019, as agreements made under a subsidy scheme for solar in existence before the current feed-in tariff begin to reach the end of their terms.
