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.
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.
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