What is Japan's storage battery industry strategy?

The “Storage Battery Industry Strategy” document from METI sets out three key targets: Boost Domestic Manufacturing: Japan aims to ramp up its domestic production of automotive storage batteries to 100 GWh by 2030, with a long-term goal of reaching 150 GWh annually. This move highlights the potential for foreign companies to invest in Japan.

Why are storage batteries important for Japan?

To wrap up, here are the key points on why storage batteries are crucial for Japan: Carbon Neutrality and Green Transformation: Storage batteries are vital for achieving carbon neutrality and facilitating Japan’s green transformation. They are essential for reaching the carbon neutrality targets set for 2030 and 2050.

When did Japan start funding lithium-ion batteries?

As an early technology leader, Japan began funding lithium-ion batteries, especially the development of solid-state batteries and certain types of alternative batteries. Total battery funding by NEDO between 2009–2022 (for Solid-EV and RISING 1, 2 and 3 projects) is estimated by ca. 58 billion yen.

What happened to Japan's lithium-ion battery market?

From 2015 to 2020, Japan’s share in the automotive lithium-ion battery market plummeted from over 50% to just 21%, and in stationary lithium-ion batteries, it dropped from 27% to a mere 5.4%. This rapid decline is striking, especially given Japan’s near-monopoly in 2000 and the fact that domestic production actually increased during this period.

Are batteries commercialised in Japan?

batteries are commercialised. Japan imports about 90% of its primary energy requirements and is vulnerable to energy supply disruptions overseas. In recent years, new energy security factors have been studied.

What role do batteries play in Japan's future?

This strategy highlights three game-changing roles for batteries: 1. Driving Carbon Neutrality: Japan aims to achieve carbon neutrality by 2050, with electrification at the forefront. Think electric cars, buzzing with the latest battery tech, paving the way to a greener future. 2.