After the 2011 Fukushima disaster, the country shifted gears toward renewables faster than a Tokyo bullet train. Enter Japan Yihua Energy Storage, a key player in developing systems that store solar and wind energy like digital piggy banks.
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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 2021. The plan raises Japan's renewable energy target from 22–24% to 36–38% of electricity.
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Solar has been the fastest-growing power source in terms of electricity generated for 20 consecutive years, while its installed capacity has doubled in just three years, rising from 1 TW to 2 TW.
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The Economy, Trade and Industry Ministry has decided to provide ¥24. 6 billion in subsidies across five years to three companies engaged in efforts to achieve mass production of next-generation perovskite solar cells.
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