Sumitomo expanding battery energy storage in Japan using UK experience signals cross-market investment.
Context
What happened: Sumitomo Corp. is using its battery energy storage operation in Leicester, England, to learn about storage operation and its link to electricity trading, with an eye on wider adoption in Japan.
Key numbers: The Leicester site holds 30 shipping containers of batteries and inverters with capacity to power 160,000 homes for two hours.
Why it matters: The trading house gains insight on the electricity trading link through its UK experience as it targets expansion of battery energy storage in its home market.
What changed
Sumitomo Corp. is using its battery energy storage operation in Leicester, England, to learn about storage operation and its link to electricity trading, with an eye on wider adoption in Japan.