Electricity for 500 households
Tesla Inc. plans to build an energy storage facility in northern Japan with the help of Japanese companies

Tesla Inc. (NASDAQ: TSLA) recently announced that it will partner with Japanese companies to develop an energy storage center in Hokkaido that will help stabilize power systems as demand for renewable energy continues to grow. The US-based company will work hand-in-hand with Global Engineering, a Japanese generator and retailer, and Ene-Vision, an engineering company, to build this facility. The system is connected to the power grid with a capacity of 6,095 kWh (kilowatt hours) and can supply around 500 households with electricity. Tesla will provide its proprietary megapack battery technology to help tackle the task. The project is expected to start in summer 2022. Global Engineering will take on the role of operator and supply the electricity wholesale market with electricity. Ene-Vision, on the other hand, will take over the construction, procurement and engineering. The estimated cost of the project is approximately $ 2.7 million, according to a Global Engineering employee. The main goal of the project is to drive the expansion of renewable energies and reduce electricity costs by stabilizing performance and absorbing fluctuations through the use of storage batteries and generators, according to sources from Global Engineering. Tesla is expected to begin the project with the delivery of its Megapack batteries to Japan. This technology, with a capacity of six megawatt hours, can cover the electricity required. Large battery technology is usually known to support renewable energy systems, where excess energy is stored and later released. These systems are appearing on power grids around the world and are becoming more popular every year. Entering the Japanese energy sector is similar to the steps Amazon has taken in both Australia and the United States itself. Tesla's entry into the market will most likely also accelerate the adoption of renewable energy.





