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Who owns the battery storage facility in Japan?

Project financing has been arranged by MUFG Bank representing the first battery storage project they have arranged finance for in Japan. Under the offtake agreement, Eku Energy will own the BESS while Tokyo Gas will own 100% of its operating rights for 20 years, with Eku Energy responsible for the ongoing maintenance of the facility.

Where is the Hirohara battery energy storage system located?

Based on estimated population of Miyazaki City as of April 2024 (Source: Miyazaki City) The Hirohara Battery Energy Storage System (BESS) is located in Oaza Hirohara, Miyazaki City, Miyazaki Prefecture. The 30MW/120MWh battery is Eku’s first in Japan, and the company has agreed a 20-year offtake agreement for the project with Tokyo Gas.

What is EKU energy's first project in Japan?

It is Eku Energy’s first project in Japan to reach financial close and will be located in Miyazaki City, the capital of Miyazaki Prefecture on the southern island of Kyushu. The 30MW asset will be 4-hour duration (120MWh), and a 20-year offtake agreement is in place with Tokyo Gas.

How will EKU energy support the energy transition?

Eku Energy will support the energy transition by helping to increase renewable energy capacity in the grid and providing the dispatch-able clean power needed to ensure safe, reliable, and sustainable energy supplies. Macquarie Asset Management’s Green Investment Group has today launched global battery storage platform Eku Energy.

Does Japan have a favourable regulatory policy on battery storage?

Commenting on the market in Japan, Kentaro Ono, Eku Energy Japan’s managing director, said that the country offers favourable regulatory policy that is “creating business environments to incentivize battery storage development. Choose your newsletter by Renewables Now.

What will EKU energy do?

The new standalone business will develop, build, and actively manage a portfolio of energy storage assets diversified across markets, revenue, and contracting structures. Eku Energy’s initial portfolio will consolidate the Green Investment Group’s existing battery storage activities in the UK, Australia, Japan and Taiwan.

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Our global project portfolio

Eku Energy has 4.6GWh of battery storage in development, construction and operation globally, including the UK, Australia, Italy and Japan.

Hirohara Battery Energy Storage System project

The Hirohara Battery Energy Storage System (BESS) is located in Oaza Hirohara, Miyazaki City, Miyazaki Prefecture. The 30MW/120MWh battery is Eku''s first in Japan, and the company has …