British and Irish BESS investors make big moves in Japan

Share

From ESS News

UK BESS investor Gore Street Capital has acquired its first asset in Japan through what it claims is the country’s first dedicated energy storage fund. The acquisition was made under the Toyko Energy Storage Investment Limited Partnership with Itochu Corp. The fund has acquired a 20 MW/80MWh project in Kasama, Ibaraki prefecture.

The Kasama project has been sized to qualify for Japan’s long term decarbonization power source auction, a support program similar to capacity markets seen in other countries, according to Gore Street Capital. This would allow the project to secure long-term contracted income to complement a predominantly merchant revenue model.

To continue, please visit our ESS News website. 

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Extensive testing validates reuse of 23-year-old second-life polycrystalline solar modules
31 March 2026 Researchers in Brazil tested second-life polycrystalline PV modules for two years and found they retained 87–88% of their original power, with minimal...