The project won one of the largest successful contracts in Japan’s low-carbon capacity auctions of 2023, auctions which one consultancy said would significantly increase the business case for energy storage in Japan with 1.67GW of BESS winning contracts.
It is not Orix’s first BESS project in Japan, having in 2022 announced the deployment of a 113MWh BESS in partnership with utility Kansai Electric for operation in 2024.
The 2023 auctions appear to have increased interest and activity in Japan’s energy storage market, from BESS investment platforms from abroad including Eku Energy and Gore Street as well as local utilities and independent power producers (IPPs).
See all recent Energy-Storage.news coverage of Japan here. Recent Premium pieces include an interview with developer Gurin Energy on its 2GWh project and a panel discussion roundup from Energy Storage Summit Asia 2024, held in Singapore.
