Energy Vault has entered what it has described as “one of the world’s fastest-growing energy storage markets,” acquiring a portfolio of development projects in Japan.

Amid growing interest in Japan’s battery storage market, a consortium of major Japanese businesses is targeting 174MW of deployments.

Developer-investor Hexa Energy Services has inaugurated what is thought to be Japan’s first operational battery storage project with a capacity market contract.

Taiwan-headquartered developer and services provider HD Renewable Energy (HDRE) is targeting further overseas expansion in 2026, with energy storage set to play a major role.  

US vehicle-to-grid (V2G) tech startup Nuvve has revealed stationary storage projects and partnerships in Asia, North America and Europe as the company broadens its focus.

“A multi-stream revenue stacking model” made it possible for Pacifico Energy to self-fund a new grid-scale battery storage project in Japan.

Manoa Energy and HD Renewable Energy Japan have begun commercial operation of a 50MW/104MWh battery storage project in Hokkaido, Japan.

Utility Osaka Gas and developer Sonnedix are installing what is claimed to be the largest battery storage facility co-located with renewable energy generation in Japan so far.

The European Bank for Reconstruction and Development (EBRD) has provided US$142 million in financing for the construction of a 1GW solar and 1.3GWh battery energy storage system (BESS) portfolio in Uzbekistan.

Daiwa Energy & Infrastructure (DEI), an asset manager backed by investment bank Daiwa Securities, has invested in a large-scale battery storage project in northern Japan.