What is Japan doing with smart meter data?
The goal is to expand and further leverage the data collected to increase grid resilience, the penetration of renewable energy, and the emergence of new services. The Japanese government is also setting up a new data system that collates and analyses the smart meter data, called the Grid Data bank.
How much does a smart meter cost in Japan?
The smart meters themselves cost ~¥10,000 per unit (analog meters cost ~¥6,000) and are sourced mainly from ten Japanese manufacturers. Any electric power meter that is used for the trading of power must be certified according to the Japan Electric Meters Inspection Corporation guidelines. Current smart meters can record the following data:
When will Japanese power companies start deploying smart meters?
With this in mind, from April 1st, , Japanese power companies were required by the government to begin deploying smart meters across Japan, following the revision of the law on “efficient use of energy aiming for a stable power supply.”
When will Japan start aggregating smart meter data?
The Japanese government is also setting up a new data system that collates and analyses the smart meter data, called the Grid Data bank. The system will begin aggregating data in the fourth quarter of , and the Grid Data Bank should start operating in the first quarter of .
What drives energy storage adoption in Japan?
Shunsuke Kawashima, who works across Itochu’s BESS business at all scales including residential, commercial and industrial (C&I) and utility-scale, opened the discussion by highlighting the drivers for energy storage adoption in Japan, of which he said there are two: increasing renewable energy generation and increasing demand for electricity.
What is Japan's energy storage policy?
As policy, technology, and decarbonization goals converge, Japan is positioning energy storage as a critical link between its climate targets and energy reliability. Japan’s energy storage policy is anchored by the Ministry of Economy, Trade and Industry (METI), which outlined its ambitions in the 6th Strategic Energy Plan, adopted in .
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