ASEAN user-side energy storage power station

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.

How can ASEAN achieve a stronger energy grid?

Stronger grids can be achieved through comprehensive grid planning that include modernisation, expansion, adoption of flexibility options, regional integration, market reforms, and mobilisation of finance. Some ASEAN countries have started to embed these priorities in their respective national energy policy.

Does ASEAN need energy storage?

Determinedly, the region has set the targets of 23 per cent renewable energy share in Total Primary Energy Supply (TPES), and 35 per cent share of renewable energy in ASEAN installed power capacity by 2025. This means that energy storage is required. What Is The Status Quo?

Should ASEAN members step up their game on energy storage development?

ASEAN Member States (AMS) need to step up their game on energy storage development. As the 6th ASEAN Energy Outlook foretells, ASEAN’s Total Final Energy Consumption (TFEC) projects to increase by 38 percent by 2025 and 146 percent by 2040, from 375 Mtoe in 2017 to 922 million or mega tonnes of oil equivalent (Mtoe) in 2040.

When will the ASEAN Power Grid be fully established?

The ASEAN Power Grid, including all the transmission interconnection projects, is expected to be fully established by 2045, underscoring the urgency of addressing key challenges related to regional grid planning.

How can ASEAN achieve a renewables-based transformation?

The renewables-based transformation would need a massive investment in electricity infrastructure to maintain the balance of supply and demand. ASEAN has adequate policies to positively influence the attractiveness of energy storage through renewable energy investment, both on-grid and off-grid.