SUMITOMO AIMS TO INSTALL 500 MW BATTERY STORAGE IN JAPAN BY EARLY 2031
Sumitomo Corp aims to install 500 megawatts (MW) or more of battery storage in Japan by March 2031, from 9 MW now, to help mitigate renewable energy fluctuations and improve the efficiency of the energy system, a company official said.
As resource-poor Japan expands renewable energy to meet decarbonisation goals and enhance energy security, battery usage is expected to rise to smooth out the intermittent supply of solar and wind energy.
Sumitomo's battery storage initiative is part of the Japanese trading house's broader efforts to bolster its energy transformation business."We aim to contribute to the stabilisation and decarbonisation of the electricity system by developing and operating large battery storages," Shigenobu Hamada, head of Sumitomo's energy storage business unit.
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