Large power storage facility to be built in Wakayama Pref.
12:39 JST, July 18, 2022
A large-scale power storage facility capable of storing enough electricity to meet the daily needs of 13,000 households will be built in Wakayama Prefecture, Kansai Electric Power Co. and Orix Corp. have announced.
The facility will store surplus electricity generated from solar and other renewable energy sources. When a power shortage is anticipated, the facilities will discharge the excess electricity to ensure a stable supply.
The project will cost about ¥8 billion and will be located on unused land within a KEPCO power substation in Kinokawa. Construction will begin in August this year, and operation is scheduled to start in April 2024 and run for a period of 20 years.
The facility will output 48,000 kilowatts of power and can charge and discharge 113,000 kilowatts per day. The power charges during periods of cheap surplus electricity, and the companies profit by providing power when there is a shortage and the costs are higher.
Orix operates many solar power plants across Japan and hopes to increase access to renewable energy through the power storage plants.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japan’s Newly Harvested Rice Arrives on Store Shelves; Prices Soar 30%-50% Following Shortage
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING
- Philippines Steps Up Defense of Northernmost Province with Eye on Possible Contingency Involving Taiwan
- Typhoon Shanshan Forms, Slowly Moves Toward Japan; Govt Says Typhoon No. 10 Likely to Approach Japan Next Week
- Tokyo Companies Prepare for Ashfall From Mt. Fuji Eruption; Disposal Of Ash, Possibly at Sea, A Major Challenge
- Shizuoka Pref. City Offers Foreigners Free Japanese Language Classes; Aims to Raise Non-Natives to Daily Conversation Level
- Typhoon No. 10 Forecast to Develop; Move into Pacific Ocean South of Japan on Aug. 26