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Tesla Plotting Battery-Storage Entry into Japan’s Power Market

  • Tesla seeking to sell storage batteries, according to report
  • Country is seeking to increase reliance on renewable energy
Tesla battery Powerpacks.

Tesla battery Powerpacks.

Photographer: Patrick T. Fallon/Bloomberg

Tesla Inc. is plotting an entry into Japan’s energy sector with plans to provide power companies with large storage batteries and energy management systems that will support the country’s shift to renewable energy, the Nikkei newspaper reported without attribution.

Tesla will start by delivering batteries for an energy storage project in Japan’s northern island of Hokkaido. The 6-megawatt hour system, capable of meeting the power needs of about 500 households, will be overseen by Global Engineering Co. It will begin operation in 2022, a representative from the Japanese energy company said.