East asia paris energy storage project

Is Southeast Asia a good place to invest in energy storage?

Image: ACEN. There has been an uptick in energy storage investment in Southeast Asia, a region still largely powered by coal and experiencing high growth in population and energy demand. Andy Colthorpe speaks with companies working to establish a framework of opportunities in the region.

What is the Southeast Asia Energy Transition partnership?

The Southeast Asia Energy Transition Partnership is a dynamic partnership of government and philanthropic partners, working to facilitate sustainable energy transition in Southeast Asia, inline with the Paris Agreement and Sustainable Development Goals.

Which countries are deploying energy storage systems in the Asia Pacific region?

Market dynamics, technical developments and regulatory policies that could be decisive for energy storage deployment in Australia, Mainland China, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam. Energy storage systems in the Asia Pacific region This white paper explores the opportunities, challenges and business cases.

Does ASEAN need energy storage?

The ASEAN bloc has set the targets of 23% renewable energy in its Total Primary Energy Supply (TPES) and 35% renewable energy in ASEAN installed power capacity by 2025. This means that energy storage is required. Additionally, without BESS acceptance on a larger level, the needed funds won’t materialise, and fewer BESS will be built.

How can ASEAN achieve full energy system decarbonisation?

To achieve full energy system decarbonisation, ASEAN countries will need to coordinate regionally and build trust and dialogue. Thailand’s new Energy Hub 4.0 Strategy has the potential to expand transmission interconnections throughout Southeast Asia and facilitate more efficient and low-carbon trade in electricity across countries.

Does Singapore have a battery energy storage system?

Of the 11 ASEAN members, Singapore is taking the lead in the battery energy storage systems (BESS) space. Earlier this year, the city-state launched the region’s largest battery energy storage system (BESS).