Bess storage systems Japan

What does Bess stand for?

It is now among the many Japanese and international players seeking to develop large-scale battery energy storage system (BESS) assets, and is partnered with the UK’s Gore Street Capital to manage a fund promoting storage and renewable energy in collaboration with the Tokyo Metropolitan Government.

Is Japan a Bess market?

Japan is one of the most talked-about emerging grid-scale BESS markets in Asia and featured prominently at the Energy Storage Summit Asia.

What are the risks associated with a Bess project in Japan?

Given the infancy of Japan’s standalone BESS market, stakeholders should consider the following, non-exhaustive, list of risks: : * Cost of critical materials – The cost of critical metals, such as nickel, cobalt, and lithium, significantly influences BESS project costs.

How much electricity can a Bess store?

Once live the BESS will be capable of storing enough electricity to power approximately 63,000 households for four hours. Project financing has been arranged by MUFG Bank representing the first battery storage project they have arranged finance for in Japan.

What drives energy storage adoption in Japan?

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.

Can a Bess asset be commercialised in Japan?

Bennett agreed with Morely’s position that the LTDA is not the only way to commercialise a BESS asset in Japan, adding that it is also not the only way to get debt finance, as there are numerous potential large corporate offtakers in the country.