As of April 30, 2025, Bison energy announced that three of its battery energy storage system (BESS) projects of total installed capacity 195,753 kW have successfully won the bid in the Long-Term Decarbonization Auction. [1] The auction is a bidding system that was introduced in 2023 by the Organization for Cross-regional Coordination of Transmission Operators, Japan (OCCTO). Successful bidders are to supply electricity for 20 years while receiving subsidies for the initial construction and operating costs of the power plants. This enables long-term profit forecasting and supports the achievement of carbon neutrality by 2050. The three winning bids are located in Fukushima, Niigata, and Fukui prefectures with the Fukushima project having the highest capacity.
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