$300 Million Invested In Energy Storage Programmes
Japan may prove to be the next biggest market for energy storage systems this year. It is pushing for the development of battery storage networks to address the influx of solar photovoltaic systems in the country.
Government is ready to dole out close to $300 million for the development of these storage systems. Once in place, they are expected to improve existing power grids whose capacities are about to peak.
Recently, it was reported that new energy storage systems will be installed in electrical substations located in Tohoku, Okinawa, and Hokkaido. Tohoku region will soon be the site of a Li-Ion battery storage system with a storage capacity of 20 Megawatt (MW) hours. Energy giant Toshiba has been tapped to install the system.
A similar albeit smaller scale storage facility will also be set up in Okinawa island.
Meanwhile, Hokkaido officials revealed that a 60 MW hour redox flow battery (RFB) storage facility will be installed in the region to help it cope with the flood of solar photovoltaic systems in the area. Sumitomo Electric Industries, Ltd. was picked to supply the storage system.
Sources say the large-scale Hokkaido project could eat up a huge chunk of the earmarked fund.
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