Sumitomo, NGK Picked for Project to Cut Energy Storage Costs
This article is for subscribers only.
NGK Insulators Ltd. and a group led by Sumitomo Electric Industries Ltd. were picked for a project aimed at reducing the cost of storage systems that can help integrate clean energy onto the grid.
Japan’s government will pay the companies as much as 75 percent of development costs, the Ministry of Economy, Trade and Industry said in a statement Aug. 29. The Sumitomo group and NGK will work separately on two different technologies.