East asia energy storage vehicle

Is energy storage the future of Southeast Asia?

As renewable energy sources will play a more prominent role in the region’s sustainable development, the integration of energy storage systems in Southeast Asia is imminent. Energy storage seems to be facilitating the transition towards clean and sustainable energy, particularly for islands and rural areas within the region.

Does ASEAN have a policy for promoting battery energy storage?

According to the ASEAN Centre for Energy (ACE) Policy Brief: Enabling Policies for Promoting Battery Energy Storage in ASEAN, only a few AMS have related policies. For instance, Thailand’s Ministry of Energy presented its ‘Energy 4.0’ strategy by integrating disruptive energy technologies such as energy storage systems.

Are electric cars available in Southeast Asia?

The Southeast Asian region still lacks a supply of electric vehicles, with only few models available to consumers, which are usually far more expensive than the alternatives at hand.

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.

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).

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.