Market Spotlight: Growing the Japanese Storage Market

Synopsis

After years of expectation, Japan’s low-carbon capacity auctions now provide a 20-year fixed revenue for newly developed power sources, including battery energy storage systems (BESS). As the fifth-largest energy consumer in the world by country, Japan has a mature power sector that has capacity to take on BESS projects of scale. Hear from experts operating within the Japanese market to understand the incentives, hurdles, and opportunities that this increasingly attractive market represents.

• With a regionalized network of grids with differing frequencies, what is the current need for grid services such as BESS and how will the market shape in the coming years?
• How accepting is the market for non-domestic players and what should developers consider before moving into the Japanese market?
• From volatile intraday pricings and a potential for arbitrage to capacity markets and ancillary services, which business models are most likely to bridge the gap between earnings and investment targets in 2024?
• Key players, key deals, regulatory updates, and more from a local perspective