Japanese trader ITOCHU Corp (TYO:8001) announced today that, together with its partners, it has commenced the operation of an 11-MW/23-MWh energy storage facility in Osaka prefecture.
The recent 120MWh expansion phase at Osaka Power Station achieved a total installed cost of ¥22. 8 billion (≈$153 million), demonstrating how strategic planning impacts pricing: New solid-state batteries and zinc-air systems are projected to reduce storage costs by 40-55% by 2030.