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.
Climate Change
Japan's Sumitomo plans $1.3bn power storage network for renewables
Trading house looks to sell stored electricity to utilities and chip industry
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)
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