{"id":83802,"date":"2024-04-25T00:00:00","date_gmt":"2024-04-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/04\/25\/japans-sumimoto-is-expanding-its-investments-in-batteries-for-renewables-projects\/"},"modified":"2024-04-25T00:00:00","modified_gmt":"2024-04-25T00:00:00","slug":"japans-sumimoto-is-expanding-its-investments-in-batteries-for-renewables-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/04\/25\/japans-sumimoto-is-expanding-its-investments-in-batteries-for-renewables-projects\/","title":{"rendered":"Japan\u2019s Sumimoto is expanding its investments in batteries for renewables projects"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sumimoto <\/strong><strong>to invest USD 1.3 bn in batteries: <\/strong>Japanese trading house <a target=\"_blank\" href=\"https:\/\/www.sumitomocorp.com\/en\/global\" style=\"\" rel=\"noopener\">Sumitomo Corp<\/a> is set to invest JPY 200 bn (USD 1.29 bn) to construct battery facilities for storing surplus power from wind and solar farms, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/japans-sumitomo-plans-13-billion-renewable-power-storage-network-nikkei-reports-2024-04-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The initiative aims to establish a renewable power storage network with a capacity of 40 MWh, starting with additional facilities in the Kyushu region. The company aims for its renewable power storage network to generate JPY bns annually by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UNHCR aims to acquire USD 100 mn for climate refugee fund:<\/strong> The United Nations High Commissioner for Refugees (UNHCR) is looking to raise USD 100 mn by 2025 to establish a Climate Resilience Fund. The fund will aid refugees and displaced communities that are vulnerable to climate change. (<a target=\"_blank\" href=\"https:\/\/www.unhcr.org\/neu\/123669-unhcr-launches-fund-to-shield-refugees-and-other-displaced-people-from-climate-shocks.html\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese firm aims to establish a renewables storage network of 40MWh<\/p>\n","protected":false},"author":1,"featured_media":83803,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,11,64,207,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseclimate","tag-evs","tag-japan","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"d1007597-762b-45d6-aeac-889439c266bd","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1807.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Japan\u2019s Sumimoto is expanding its investments in batteries for renewables projects","related_issue":[83784],"teaser":"The Japanese firm aims to establish a renewables storage network of 40MWh","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.403c4ec1-56cf-4dbf-861c-bd08b4e737a2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Japan\u2019s Sumimoto is expanding its investments in batteries for renewables projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/25\/japans-sumimoto-is-expanding-its-investments-in-batteries-for-renewables-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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