Sojitz and Taiwan’s Formosa Plastics Group Jointly Begin Sales of Household Energy Storage Systems in Japan – Contributing to a Stable Supply of Household Electricity –

Sojitz Corporation (“Sojitz”) has concluded an exclusive agency agreement with Formosa Bio and Energy Corporation Japan (the Japanese subsidiary of Taiwan’s Formosa Plastics Group) on July 5^th for sales of residential energy storage systems in Japan. Sojitz Building Materials Corporation will serve as the sole sales agent, with sales to begin from fall 2022.

Taiwan’s Formosa Plastics Group is a large-scale conglomerate and world-class company in the chemical and semiconductor fields. The company will leverage its technical expertise and know-how from over a decade of experience handling the manufacture and sales of battery energy storage system for industrial applications (UPS), both in Taiwan and overseas, to newly enter the residential energy storage business in Japan.

In addition to beginning of sales of battery energy storage systems for residential and industrial applications in Japanese market, Formosa Plastics Group and Sojitz have reached an agreement to jointly pursue the collection, reuse, and recycling of lithium ion batteries from various applications in Taiwan and Japan.
 

Company Overview – Formosa Plastics Group

Company Overview – Sojitz Corporation

Company Overview – Sojitz Building Materials Corporation

[Full load hybrid power storage system]
This system can control both solar power generation and storage batteries with a single power conditioner. Since it is a full-load storage battery, all of home appliances can be used as needed.

Energy storage system brand logo

[For questions regarding this press release, contact:]
Formosa Bio and Energy Corporation Japan　+81－90－3759－8055
Sojitz Corporation　Public Relations Dept.　+81－3－6871－3404
Sojitz Building Materials Corporation
East Japan Business Division Environmental Business Development Office　+81－3－6870－7816