ASEAN energy storage power supply customization

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 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.

What will ASEAN's Energy Future look like?

ASEAN’s power generation is expected to make a substantial shift towards renewable energy, particularly solar and wind, with the RAS and CNS leading this transition. Energy storage technologies, including Battery Energy Storage Systems, will play a critical role in stabilising the grid and supporting the ASEAN Power Grid.

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.

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.

How is ASEAN transforming its energy landscape?

The ASEAN region is witnessing a significant transformation in its energy landscape, driven by ambitious renewable energy storage targets and the need for grid modernization.