Japan’s energy storage landscape is shifting, pushed by household demand, corporate ESG mandates, and domestic battery manufacturing. The residential lithium-ion market, projected to grow at a CAGR of 33.9% through 2030, remains one of the fastest-expanding segments.
Shunsuke Kawashima, who works across Itochu’s BESS business at all scales including residential, commercial and industrial (C&I) and utility-scale, opened the discussion by highlighting the drivers for energy storage adoption in Japan, of which he said there are two: increasing renewable energy generation and increasing demand for electricity.
As policy, technology, and decarbonization goals converge, Japan is positioning energy storage as a critical link between its climate targets and energy reliability. Japan’s energy storage policy is anchored by the Ministry of Economy, Trade and Industry (METI), which outlined its ambitions in the 6th Strategic Energy Plan, adopted in 2021.
There is so far also only one ancillary services market for frequency response open to energy storage assets in Japan. Bennett said that is another area with high growth potential, while more projects with corporate power purchase agreements (PPAs) are coming into the Japanese market, leading to more trading in the spot market.
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Japan Energy Storage Market growth is projected to reach USD 11455.82 Billion, at a 15.42% CAGR by driving industry size, share, top company analysis, segments research, trends and …
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Japan Energy Storage Market growth is projected to reach USD 11455.82 Billion, at a 15.42% CAGR by driving industry size, share, top company …
The energy storage systems market in Japan is expected to reach a projected revenue of US$ 83,256.0 million by 2030. A compound annual growth rate of 11.1% is expected of Japan …
Background 8th Strategic Energy Plan, new Prime Minister and Renewables Volumes behind target. Over the last 12 years, Japan has witnessed a rap.ci expansion of its …
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