Recently, according to Japanese energy magazine PVeye, Sungrow Japan has signed a supply contract with Hexa Energy for its PowerTitan 2.0 energy storage systems.
Under the agreement, Sungrow will provide approximately 600MWh of energy storage equipment for four ultra-high-voltage energy storage projects developed by Hexa Energy. The scope of supply includes power conversion systems (PCS) and battery energy storage systems, with delivery expected to be completed by 2026.
To meet Japan's stringent grid connection standards and diverse climatic conditions, the PCS and energy storage systems deployed in the Hexa project utilize Sungrow's proprietary advanced integrated architecture. This design achieves high efficiency, low losses, and flexible control, ensuring long-term stable system operation.
Beyond equipment delivery, Sungrow will provide comprehensive full-lifecycle support encompassing system design, engineering implementation, and O&M (Operation & Maintenance) management. This end-to-end solution not only mitigates system integration risks for Hexa Energy but also significantly shortens project delivery cycles while enhancing overall operational efficiency. Furthermore, Sungrow's intelligent O&M system features remote monitoring and fault prediction capabilities, ensuring safe and efficient operation throughout the project's duration.
According to reports, Hexa Energy is the energy storage subsidiary of U.S. investment firm I Squared Capital. In 2023, the company secured bids for 11 energy storage projects in Japan's inaugural long-term decarbonization power source auction, emerging as the largest winner in the bidding round. Currently, it is collaborating with multiple companies to advance the development of these energy storage projects. The four projects being developed in partnership with Sungrow Japan are part of the awarded portfolio.
In recent years, Japan has been vigorously advancing its energy transition, with continuous policy support. Notably, Japan's Ministry of Economy, Trade and Industry (METI) has raised its renewable energy generation target for 2030 from 36-38% to 40-50%. The government has launched a $57 million program to fund battery energy storage (BESS) development, encouraging broad participation from domestic utilities and enterprises. Furthermore, the Sixth Energy Strategy Plan introduced BESS subsidy programs to support energy storage system deployment.
These initiatives are reshaping the energy storage market scale, both directly and indirectly, creating new opportunities for domestic and foreign energy storage companies in Japan. According to projections by the New Energy and Industrial Technology Development Organization (NEDO), Japan's cumulative electrochemical energy storage capacity is expected to exceed 15GW/45GWh by 2030.
This year, Japan's energy storage market has witnessed a surge in deployment activity. In February, Sungrow Power Supply Co., Ltd. reached an agreement with Sun Village Co., Ltd. to supply approximately 500 MWh of its PowerTitan and PowerStack series energy storage systems. In August, REPT BATTERO signed a strategic cooperation agreement with renowned Japanese trading company Hanwa Corporation and another specified Japanese partner, committing to deliver over 1 GWh of energy storage systems to the Japanese market within the next two years. Recently, Trina Energy Storage formally signed a strategic cooperation agreement (MOU) with Yuasa Corporation for large-scale energy storage projects. Starting in 2025, Trina will supply a total of 500 MWh of large-scale energy storage systems to the Japanese market. According to incomplete statistics, Chinese energy storage companies have secured over 17 GWh in orders in Japan this year.
Source：https://mp.weixin.qq.com/s/l-VF7bntokRFlD0EvwKLXw