Proposed changes to rules and regulations will strengthen the Philippines’ position as leading energy storage market in the ASEAN region.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

Singapore-based VFlowTech has raised a US$10 million Series A to set up a manufacturing facility and scale up production of its 250kWh vanadium flow battery product.

ACWA Power and the government of Azerbaijan have signed an agreement for a battery energy storage system in the central Asian country.

Australia wants to leverage its position as a mining and minerals hub to capture opportunities in the battery industry.

Government-backed energy storage announcements continue to roll out of Queensland, with the Australian state set to begin a ‘Neighbourhood Battery’ programme.

Singapore has surpassed its 2025 energy storage deployment target, with the official opening of Southeast Asia’s biggest BESS.

GE Hydro Solutions has installed the final of four 300MW turbines at a pumped hydro energy storage plant in Anhui Province, China.

India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

Australia and New York are two very different places but both are likely to soon see their first government-backed tenders in which grid-scale energy storage can compete.