ORIX Corporation has announced plans to construct the Maibara-Koto energy storage plant, with a rated output of 134 MW and a capacity of 548 MWh. The plant will be situated in the city of Maibara, Shiga. The construction will commence in November 2024 and operations in 2027.
Furthermore, ORIX secured the project through a competitive decarbonisation energy auction from the Organisation for Cross-regional Coordination of Transmission Operators, Japan (OCCTO) which guarantees a fixed income in principle for 20 years.
The plant will be built on a leased 26,000 msq area, owned by Maibara City. ORIX intends to install 140 containers of lithium-ion storage batteries on the site. Apart from this, the company will also develop a multi-purpose square that will be open for public use.
REGlobal’s Views: The BESS will help address the challenge of fluctuating power generation from renewable sources by providing stability to the power supply and will help in effective utilisation of renewable energy as it is grid-connected. With Japan witnessing large-scale renewable energy integration, energy storage projects are in demand and ORIX entered the energy storage at an ideal time in 2022. The company is now promoting the development of energy storage plants nationwide in Japan.
