Smartly introducing storage batteries with storage parity subsidies | Connex Systems
LB0700HN
Introduction to Subsidies for Storage Batteries in Fiscal Year 2024: A Project to Promote Price Reduction of Solar Power Generation Equipment for Achieving Storage Parity.
**Introduction to Subsidies for Storage Batteries in Fiscal Year 2024 (Reiwa 6)** **Overview** ▼ Overview of Storage Parity Subsidy Through support for the introduction of self-consumption solar power generation systems and storage batteries with zero initial costs, we aim to achieve storage parity while promoting price reductions for solar power generation systems and storage batteries, thereby maximizing the introduction of renewable energy in our country and enhancing disaster resilience. ▼ What is Storage Parity? "Storage parity" refers to a state where the economic benefits of introducing storage batteries exceed the costs associated with their installation (such as the total savings from reduced running costs surpassing the installation costs of the storage batteries). As of April 17, 2024, an announcement has been made regarding the first public recruitment for projects promoting price reductions for solar power generation systems aimed at achieving storage parity. ▼ Announcement of First Public Recruitment (External Link) General Incorporated Foundation Environmental Innovation Information Organization https://www.eic.or.jp/eic/topics/2024/st_r05c/002/
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basic information
【Application Period】 First round of applications: From April 17, 2024 (Wednesday) to May 24, 2024 (Friday) until noon [strictly observed] *If the budget amount is reached during the first round of applications, there will be no second round of applications, etc. *This call for applications is only for projects that will be completed within a single fiscal year. 【Changes from the Previous Year】 The main changes in the fiscal year 2023 (supplementary budget) and fiscal year 2024 budget are as follows: 1. The maximum grant amount per application is set at 20 million yen for "solar power generation equipment" and 10 million yen for "stationary storage batteries, vehicle-mounted storage batteries, and charging/discharging equipment" (the total maximum grant amount per application is 30 million yen). 2. Target price per kWh - Target price for 2024 fiscal year [business and industrial] storage batteries: 120,000 yen/kWh (excluding tax, including construction costs) - Target price for 2024 fiscal year [household] storage batteries: 135,000 yen/kWh (excluding tax, including construction costs)
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Applications/Examples of results
▼Promotion of Price Reduction for Solar Power Generation Facilities and Related Projects Aimed at Achieving Storage Parity (Collaboration Project with the Ministry of Economy, Trade and Industry) With subsidies from the Ministry of the Environment, businesses across the country can utilize this for the introduction of solar power generation facilities and storage batteries. By subsidizing part of the expenses required for projects that introduce self-consumption solar power generation facilities, such as those using on-site PPA models, and storage batteries including electric vehicles as mobile storage, the initiative aims to reduce costs while enhancing regional renewable energy dominance and resilience, strongly promoting the realization of a carbon-neutral green society by 2050. A key feature is that, since the goal is storage parity, not only self-consumption solar power generation systems but also storage batteries are eligible for subsidies.
Detailed information
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The "industrial storage battery" excels in terms of energy-saving effects during "normal times," contributing to benefits such as reducing CO2 emissions and corporate social responsibility (CSR), while also adding value to energy conservation and BCP measures.
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■Measures for Power Outages During Disasters Even if the power supply is interrupted due to a blackout, if there is electricity stored in a battery, it is possible to continue using electricity. This allows for preparedness in emergencies as part of a BCP (Business Continuity Plan).
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■BCP (Business Continuity Plan) Measures To promptly execute the BCP during a disaster, it is necessary to secure a minimum level of infrastructure. The 'BLP' has a three-phase, three-wire output of 30kW. With a large capacity of 73.7kWh, it provides reliable power supply even during prolonged outages.
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■Backup for three-phase power equipment is possible. The 'BLP' can supply electricity to three-phase power with an output of 30kW, making it capable of operating large air conditioners, commercial refrigerators, elevators, machine tools, large motors, pumps, and more.
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■Initiatives for Decarbonization and Achieving SDGs As global warming accelerates, there is a growing demand for enhanced energy conservation in offices and facilities. By combining solar power generation with industrial storage batteries, we can effectively utilize renewable energy sources. This contributes to CO2 reduction and allows for a decrease in energy consumption through energy creation.
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There is a deadline for subsidies. Please consider implementing them as soon as possible when utilizing them. For details on the subsidies we introduce, please check the websites of the relevant ministries and agencies. If you can utilize the subsidies, you may be able to reduce the costs of introducing equipment. By utilizing subsidies, why not consider the introduction of industrial storage batteries or emergency power generation equipment as a preparation for power outages caused by natural disasters?
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Promotion of Price Reduction Projects for Solar Power Generation Equipment, etc., Aimed at Achieving Storage Parity (Collaboration Project with the Ministry of Economy, Trade and Industry) By supporting the introduction of self-consumption type solar power generation equipment and storage batteries with zero initial costs, we aim to achieve storage parity while promoting the price reduction of solar power generation equipment and storage batteries, and maximizing the introduction of renewable energy in our country while enhancing disaster resilience. ■ Benefits of Introducing Self-Consumption Type Solar Power Generation Equipment - Contribution to the global environment through the reduction of CO2 emissions - Reduction of electricity bills paid to power companies - Ability to use electricity even during power outages, such as in disasters - Possible utilization for the international initiative "RE100"
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▼Promotion of Price Reduction for Solar Power Generation Equipment and Related Projects Aimed at Achieving Storage Parity (Collaboration Project with the Ministry of Economy, Trade and Industry) With subsidies from the Ministry of the Environment, businesses across the country can utilize this program when introducing solar power generation equipment and storage batteries. By subsidizing part of the expenses required for projects that introduce self-consumption solar power generation systems, including on-site PPA models and storage batteries such as electric vehicles used as mobile storage, the program aims to reduce costs while enhancing regional renewable energy prominence and resilience, strongly promoting the realization of a carbon-neutral green society by 2050. A notable feature of this initiative is that, since it aims for storage parity, not only self-consumption solar power generation systems but also storage batteries are eligible for subsidies.
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Expansion of support for the introduction of facilities with integrated storage batteries.
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Model number | overview |
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LB0700HN | Electric system: Three-phase three-wire system 202V Battery / Type: Lithium iron phosphate battery Battery / Storage capacity: 73.7kWh |
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"Transforming energy infrastructure with innovative energy storage technology" We aim to promote regional energy independence and contribute to the creation of a clean and resilient future energy infrastructure. CONNEXX SYSTEMS is a startup company that, with this vision in mind, challenges the innovation of energy storage technology that far exceeds conventional wisdom. Energy storage is the "bond" that connects today's energy to the energy of the future. CONNEXX SYSTEMS contributes to the creation of a safe and secure future society through innovative energy storage solutions. CONNEXX SYSTEMS primarily engages in the development, manufacturing, sales, and planning of next-generation energy storage systems. Additionally, we provide system integration services. Through the accumulation of our unique technologies, we continue to evolve our energy storage systems to offer to our customers.