Policy trends and business opportunities of energy storage in Japan
In Japan, there have been globally unprecedented attempts to achieve unbundling of power utilities and introduction of more renewable and distributed energy resources. In these circumstances, energy storage is expected to give flexibility to electric power systems, therefore gaining attention. I will be introducing the policy trends around energy storage including demonstration of VPP (Virtual Power Plant) and opening of balancing market, the emergence of new business on energy storage (i.e. opportunities for energy storage market targeting PV after the end of FIT period), and the future direction of energy storage business in Japan.
Mr. Isao Hasegawa is a Senior Consultant of Environment and Energy Division at Mitsubishi Research Institute ,Inc. Since joining MRI in 2007, he has been engaged in energy supply-demand analysis, technical assessment and marketing research of energy resources, and policy trend surveys for METI (Ministry of Economy, Trade and Industry) and support entering private sector companies. Recently, he has been conducting a lot of market research and policy trend surveys related to storage batteries and VPP.