The Japanese industrial conglomerate says the new JPY 16.2 billion facility will be located in Yokohama, Kanagawa prefecture, across an area of 27,000 square meters.
Start of construction is slated for July 2019, while the first batteries are expected to be produced by the following October.
Currently, Toshiba Infrastructure Systems & Solutions Corporation (TIS) manufactures its SCiB rechargeable lithium-ion batteries in Kashiwazaki, Niigata prefecture.
The company says the move comes in anticipation of “strong future demand” for its SCiB rechargeable lithium-ion batteries, which are used in various applications, including electric vehicles and energy storage systems.
“The facility will also serve as a production technology development center, positioning TISS to respond positively to future expansion of the lithium-ion rechargeable battery market,“ it said in a statement released.
It did not mention how many batteries it expects to produce on an annual basis, however, and no further details were shared in terms of how much demand it is expecting to see.
In February 2016, Toshiba announced it would place more emphasis on its energy and storage businesses, following an accounting scandal, which forced it into restructuring, and catastrophic losses of around US$6 billion in FY 2015.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.