Japan's Sumitomo plans $1.3bn power storage network for renewables

Trading house looks to sell stored electricity to utilities and chip industry

20240423N renewables

Clockwise from top left, a Japanese power station in Kanagawa prefecture, a Sumitomo Corp.-built battery station in Kumamoto city, and wind turbines in Hokkaido's Ishikari bay. (Source photos by Konosuke Urata, Keigo Yoshida and Yasuki Okamoto)

KEIGO YOSHIDA, Nikkei staff writer

TOKYO -- Japanese trading house Sumitomo Corp. will spend 200 billion yen ($1.3 billion) to set up battery facilities across Japan to store excess power generated by wind or solar farms, Nikkei has learned.

Sumitomo has already installed a 6-megawatt-hour storage facility on land along a Kyushu Railway line in Kumamoto prefecture.

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