ITOCHU Corporation announced today that its own Energy Storage Systems (hereinafter “ESS”) brand, “Bluestorage”, using reuse-EV-battery, has started its operation, as a part of its Lithium-ion Battery business. ITOCHU will provide this ESS to the purposes of making the most efficient use of renewable energy and energy optimization in industrial segment, and develop new business models related to product life cycle assessment including material recycling.

Reuse battery have reuse value for ESS operation. ITOCHU had acquired equity shares of Shenzhen Pandpower Co., Ltd. (headquartered in Shenzhen, China; Chairman and Founder: Wang Haitao) in 2019 to secure the reuse battery supply with its unique technology, and has developed ESS together.

Market demand for ESS is increasing these days, from the perspectives of renewable energy expansion, resilience from natural disasters and business continuity plan establishment. In addition, reuse battery is free from CO2 emission which contributes effective use of resources and consideration for environment.

By combining existing business capabilities and new knowledge from this Bluestorage operation, ITOCHU will contribute to the realization of a decarbonized and decentralized society.

Promotion Movie URL

https://www.itochu.co.jp/ja/files/Bluestorage(JP).mp4

*Japanese version only. English version will be available shortly.