TOKYO -- Japanese trading house Itochu will invest in the business of battery farms storing energy from renewable sources, Nikkei has learned. Widespread use of such large-scale storage could lead to the effective utilization of renewable energy in Japan, which has lagged behind the U.S. and Europe.
Energy
Japan's Itochu to invest in battery farms for renewable energy
Trading house sees new business profitable in tie-up with Australia's Akaysha
An excess of solar power generation over what the grid can handle has led to a sharp increase in demand for storage batteries in Kyushu, southern Japan.
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