Investment in grid-scale BESS in Sapporo City, Hokkaido
Investment Date: November 24, 2022
Scheduled Commercial Operation Start: 2025
We have invested in DAX, LLC in collaboration with Fuyo General Lease Co., Ltd. and ASTMAX Co., Ltd. This project involves the installation of a grid-scale BESS with a rated output of 50 MW and a capacity of 100 MWh. Construction is scheduled to begin in 2023, with operations set to start in 2025. Once operational, transactions will be conducted in the wholesale power, supply and demand adjustment and capacity markets based on AI forecasts.
Investment Highlights
As the global trend toward zero carbon emissions accelerates, the demand for renewable energy continues to rise. We aim to contribute to achieving carbon neutrality in Japan by 2050 through the development and operation of large, grid-scale BESS, which help mitigate the variability of renewable energy sources.
Future Actions
Starting with this project, and in alignment with the Daiwa Securities Group's "2030Vision" initiative and our goal of promoting the transition to a carbon-neutral, resilient society, we will continue investing in grid-scale BESS.
Posted on May 16, 2024