1. Daiwa Energy & Infrastructure aims to deploy 1GWh of Gotion battery energy storage systems within two years, with investments in renewables and infrastructure projects in Japan and Europe.
2. DEI partners with CO2OS for engineering, procurement, and construction of BESS projects in Japan, with a recent joint venture announcement with Gotion for North American solar and energy storage projects in 2022.
3. The Japanese BESS market is evolving gradually, with opportunities for revenue from ancillary services like frequency regulation and capacity markets, as major companies like Daiwa and Marubeni make early plays in regions like Hokkaido and Kyushu.
Daiwa Energy & Infrastructure (DEI) plans to deploy 1GWh of Gotion battery energy storage system (BESS) solutions within two years, with a focus on renewables and infrastructure projects in Japan and Europe. DEI has partnered with CO2OS and Solariant for North American projects, aiming for 2.5GWh of storage. Their joint venture in Japan includes a 50MW/100MWh project in Hokkaido and a 580kWh system in Kagoshima.
Gotion, a major lithium-ion battery manufacturer, is working with DEI and CO2OS to expand their BESS projects in Japan. The Japanese market for BESS is slowly evolving, with opportunities in ancillary services and wholesale energy trading through the JEPX power exchange. Government subsidies are supporting the integration of renewable energy with BESS to enhance grid stability.
Major players like Marubeni are entering the Japanese BESS market, anticipating future growth in regions like Hokkaido and Kyushu. Japanese expert Shunsuke Amanai sees potential for increased competition and revenue opportunities in the next five years. Solar Media will host the 2nd Energy Storage Summit Asia in July 2024 in Singapore to address the rapidly growing market and bring together key stakeholders for discussion and collaboration.