ESN Premium’s deep dive into Japan continues with a look at the complexities of an evolving market underpinned by strong drivers for energy storage.

Japan’s energy storage market is experiencing a wave of significant growth, as ESN Premium hears from Eku Energy and BloombergNEF.

A total of 26 battery energy storage projects in Japan have been selected for contracts through the Long-Term Decarbonisation Power Source Auction (LTDA) for 2024.

Eku Energy has begun its first battery storage project in Japan, while Gore Street Capital has raised funding for the country’s first energy storage-dedicated fund.

Macquarie-backed Eku Energy has completed the financing on its first battery energy storage system (BESS) project in Japan.

Japan is one of the most talked-about emerging grid-scale energy storage markets in Asia, and featured prominently at the Energy Storage Summit Asia.