Sumitomo Electric to Supply Hokkaido Battery System, Nikkei Says
Stock Chart for Sumitomo Electric Industries Ltd (5802)
The company’s system, which will have 60 megawatt hours of storage capacity, will be set up at a substation to expand the utility’s grid capacity, according to the paper.
Mitsuyo Tsuruta, a Sumitomo Electric spokeswoman, declined to comment, saying that the Osaka-based company isn’t the source of the information.
The Ministry of Economy, Trade and Industry said in April that it will set up a storage system after the utility received applications for large-scale solar projects that would exceed the grid’s capacity.
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