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Gotion, Edison Power to cooperate on large storage batteries, recycling in Japan
Gotion High-tech and Edison Power Co. have recently entered into a strategic cooperation agreement to jointly develop large storage battery and recycling market in Japan, promote the popularization of renewable energy, and introduce Gotion's batteries into the Japanese market.
With the development of renewable energy worldwide and the revision of Japan's Electricity Business Act in May 2022, the large storage battery industry in Japan has new opportunities, the companies claim.
According to the agreement, during the cooperation period, the two companies will develop market strategies respond to market demands, with a planned sales target of 1 GWh for the first year, rising to 2 GWh annually from the second year onwards, claims the press statement.
It is to be noted that Japan amended Electricity Business Act last year to allows large-scale BESS projects to be categorized within the electricity generation business, while also facilitating the operators to apply for grid connection points.
Gotion is expected to provide high-technology solutions and provide cells, modules, and BMS to name a few, while Edison Power will be responsible for customer management, EPC services, energy storage system operation and maintenance, and other market-side services.
In addition, Gotion claims to conform to circular supply chain principles, from the possession of raw material mines for LFP (lithium iron phosphate) batteries to the recycling system after disposal. As a responsible international enterprise, the battery firm has also vowed to work with Edison Power to establish a circular storage battery recycling system in Japan.
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