TOKYO, Japan – May 30, 2024 – ORIX Corporation (“ORIX”) announced today that it will be constructing Maibara-Koto Energy Storage Plant, one of Japan's largest *1 energy storage plants, in Maibara, Shiga. Construction will begin in November 2024, with the commencement of operations. . In response to this issue, Sumitomo Corporation aims to expand its business of storing energy nationwide in Japan by developing a large-scale energy storage platform that can compensate for this lack of transmission line capacity. Here, we will delve into our path taken to launch a completely new. . Tokyo, Japan – February 25, 2025-- During Smart Energy Week 2025, Sungrow Japan signed an agreement with Sun Village Co., a pioneer in developing non-FIT solar power plants, for the procurement and sales of grid-scale energy storage systems in Tokyo. Under this agreement, Sun Village plans to deploy approximately 500 MWh of Sungrow's PowerTitan and PowerStack series energy storage systems in battery storage. . Global energy storage capacity was estimated to have reached 36,735MW by the end of 2022 and is forecasted to grow to 353,880MW by 2030. Japan had 1,671MW of capacity in 2022 and this is expected to rise to 10,074MW by 2030.
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