Japan will use batteries as the core of its green growth strategy

by:Power Kingdom     2021-06-28
Label:  Recently, the Ministry of Economy, Trade and Industry of Japan announced the 'Battery Battery StrategyIt is estimated that the global battery market will reach 20 trillion yen in 2020, and Japanese companies will occupy 50% of the market. In order to effectively solve the problem of insufficient power supply and to maintain a 'stabilized society' during extraordinary times such as a major earthquake, the Japanese government requires that public facilities such as hospitals and schools be built with batteries.   Due to the fact that renewable energy such as solar energy is affected by the environment such as sunlight, it fluctuates greatly. In order to widely use these renewable energy sources, it is also necessary to increase the use of battery cells to make the power supply more stable. To this end, the Japanese government will join hands with companies to cultivate the high value-added storage battery industry as a new growth area.   At the same time, the strategy also proposes a reduction target of equating the installation cost of large batteries such as sodium-sulfur, nickel-metal hydride, etc. to pumping power generation (23,000 yen per kWh) by 2020. According to the Ministry of Economy, Trade and Industry of Japan, the current cost of sodium-sulfur batteries is 40,000 yen per kilowatt-hour, and the cost of nickel-hydrogen batteries is 100,000 yen. The Japanese government will provide Ru0026D support to companies that can achieve this goal.
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