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SoftBank launches Japanese battery storage business, production plant to house AI data center
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Japanese investment conglomerate SoftBank has launched its own standalone battery storage business in response to surging demand from the data center market.
Key facts
- SoftBank said it aims to generate more than 100 billion yen ($638m) in annual revenue from its battery business by 2030
- Production at the plant is slated to commence in March 2028, with mass production targeted for 2029
- SoftBank's telco arm, SoftBank Corp, said that it would build large-scale battery cells and storage systems for the Japanese market, in partnership with South Korea-based battery company Cosmos Lab
- The company will produce the batteries at its factory in Sakai City, Osaka
Summary
A deep dive into the many use cases of battery energy storage. SoftBank's telco arm, SoftBank Corp, said that it would build large-scale battery cells and storage systems for the Japanese market, in partnership with South Korea-based battery company Cosmos Lab and AI firm DeltaX Co. The company will produce the batteries at its factory in Sakai City, Osaka. Production at the plant is slated to commence in March 2028, with mass production targeted for 2029.