– Nozomi Energy won two battery energy storage system (BESS) projects in Japan’s Long-term Decarbonisation Capacity Auction.
– Nozomi Energy established an operational project portfolio of 100MW within 10 months of starting operations.
– Nozomi Energy is contributing to Japan’s energy transition and green energy goals by enhancing grid stability and integrating renewable energy.
Nozomi Energy, a renewables platform in Japan established by Actis, has won two battery energy storage system (BESS) projects in Japan’s first Long-term Decarbonisation Capacity Auction. With an initial installed capacity of close to 200 MWh each, this achievement is significant for Nozomi Energy, which has already established a project portfolio of 100 MW within 10 months. These BESS projects are crucial for grid stability and integrating renewable energy in line with Japan’s goal of achieving carbon neutrality by 2050.
Japan aims to increase its renewable energy share to 36-38% of total power production by 2030, and Nozomi Energy’s contributions are key to this green energy trajectory. The company’s success in the capacity auction underscores its commitment to bolstering Japan’s renewable energy infrastructure and reducing carbon emissions. Through winning these projects, Nozomi Energy reaffirms its role in supporting Japan’s transition to sustainable energy.
Jose Antonio Millan Ruano, CEO of Nozomi Energy, expressed honor in being part of Japan’s decarbonisation journey, while Tareq Sirhan, Head of Energy for North Asia at Actis, highlighted the company’s expertise and credibility in delivering essential energy services at competitive rates. The use of battery storage technology is seen as critical in the energy transition, with Nozomi Energy leading the way in this aspect. To learn more about the latest developments in the renewable energy industry, readers can access the spring 2024 issue of Energy Global magazine.