Daily sumitomo energy storage

Does Sumitomo have an energy storage center business?

When completed, the energy storage center business can spread on a full scale across mainland Japan as well. Additionally, Sumitomo Corporation started demonstration projects for batteries for “virtual power plant” (VPP) technologies in locations such as Isahaya, Nagasaki from the end of 2017.

Why is Sumitomo launching a battery storage initiative?

As resource-poor Japan expands renewable energy to meet decarbonization 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.

Why is Sumitomo launching a large-scale energy storage platform?

One of the main reasons is the insufficient capacity of transmission lines. In response to this issue, Sumitomo Corporation aims to expand its business of storing energy nationwide in Japan by developing a large-scale energy storage platform that can compensate for this lack of transmission line capacity.

Will Sumitomo install 500 MW battery storage in Japan by March 2031?

Sumitomo aims to install 500 megawatts 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.

Why is Sumitomo reusing discarded batteries?

This, at the same time, means that more batteries will be discarded. Focusing on this, Sumitomo Corporation envisioned a sustainable supply chain for an electrified and resource-saving society by reusing discarded batteries for large-scale energy storage.

Will Sumitomo increase storage capacity in Kyushu?

Under the plan, Sumitomo intends to set up more facilities in the Kyushu region to boost total storage capacity to 40 megawatt-hour (MWh), the Nikkei said in its report.