Sumitomo Invests in U.S. Power Storage; Toshiba Supplies Battery

(Bloomberg) — Sumitomo Corp. is investing in the U.S.
power storage business with a system supplied by Toshiba Corp.
to adjust demand and supply.

Sumitomo has acquired Willey Battery Utility from Renewable
Energy Systems Americas, part of the RES Group, the Japanese
company said in a statement Monday. Financial terms weren’t

Toshiba will supply a storage system with a maximum output
of 6 megawatts, providing a supply-demand balancing service for
the frequency regulation market operated by PJM Interconnection
LLC, Sumitomo said. PJM is an operator of power grids in 13
states in the northeastern U.S., according to the statement.

Construction will begin in Hamilton County, Ohio, in April
and operations will begin in December, Sumitomo said. Toshiba
will deliver and maintain the storage system; supplementary
machinery will be supplied and installed by RES.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Keith Gosman

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