Stored potential
Batteries for Japan: Japans residential solar sector has been gradually expanding for years, but the market may be on the cusp of rapid growth. The governments plan to eliminate net primary energy consumption in all newly constructed homes by 2030 as well as a subsidy of JPY 50,000 ($485) /kWh for homeowners who install lithium-ion batteries could drive demand for rooftop solar panels and energy-storage solutions to previously unseen levels by the end of this decade.
Broadly, solar and lithium-ion battery storage technologies are critical elements in Japan’s ongoing transition to a more energy-efficient reality. Recent research by IHS Markit suggests that Japan, along with the U.S., will be one of the world’s biggest energy storage markets within the next decade. It says that cumulative, behind-the-meter storage capacity could surpass 1 …
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