What is EKU energy's first energy storage project in Japan?
Eku Energy, the UK battery platform of Macquarie’s Green Investment Group (GIG), on Wednesday unveiled plans for its first energy storage project in Japan, a system with a capacity of 30 MW/120 MWh in Miyazaki Prefecture. Hirohara project render. Image by: Eku Energy.
Who owns the battery storage facility in Japan?
Project financing has been arranged by MUFG Bank representing the first battery storage project they have arranged finance for in Japan. Under the offtake agreement, Eku Energy will own the BESS while Tokyo Gas will own 100% of its operating rights for 20 years, with Eku Energy responsible for the ongoing maintenance of the facility.
When is EKU energy launching a battery energy storage system?
Photo from Eku Energy. The project is expected to begin operations in July 2026. Global energy storage specialist Eku Energy will be developing its first battery energy storage system (BESS) in Japan with a capacity of 30 megawatts (MW)/120 MW-hours.
What is Japan's policy on battery technology for energy storage systems?
Japan’s policy towards battery technology for energy storage systems is outlined in both Japan’s 2014 Strategic Energy Plan and the 2014 revision of the Japan Revitalization Strategy. In Japan’s Revitalization strategy, Japan has the stated goal to capture 50% of the global market for storage batteries by 2020. 2. The Energy Storage Sector a.
Where is the Hirohara battery energy storage system located?
Thank you. The Hirohara Battery Energy Storage System (BESS) is located in Oaza Hirohara, Miyazaki City, Miyazaki Prefecture. The 30MW/120MWh battery is Eku’s first in Japan, and the company has agreed a 20-year offtake agreement for the project with Tokyo Gas.
What energy storage technology does Japan use?
In terms of energy storage technology, Japan is supported primarily by pumped hydro and by NaS and Li-ion battery storage capability, according to the US Department of Energy.88 While Japan is the world leader in Nas battery energy storage technology, it is also the world’s second manufacturer of Pb-Acid energy storage systems.
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