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Get a quoteConcept drawing of the BESS being built at Kinokawa Substation, Wakayama, Japan. Image: Orix. A joint venture (JV) in Japan between financial services group Orix and regional utility company Kansai Electric (KEPCO) will build and operate a large-scale battery storage system.
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Get a quoteWithin residential, €1.6 billion was battery energy storage system (BESS) and €3.9 billion was thermal storage sales. The segment grew overall by 25%: 23% for BESS and 26% for thermal storage. The German energy storage market was dominated by residential in 2021 although utility-scale battery revenues grew nearly 6x, said BVES.
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Get a quoteUS asset manager Stonepeak has entered Japan''s energy storage market, forming a partnership with CATL-backed developer CHC. Japan: 1.67GW of energy storage winners in inaugural low carbon capacity market auction. May 8, 2024.
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Get a quoteMilestone reached in utility-scale battery storage market development in Japan, with Pacifico Energy trading energy from two new projects.
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