Philippines’ investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024.

Fluence has formed a partnership with TECO Group to pursue energy storage opportunities in Taiwan’s growing market.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The World Bank’s International Finance Corporation is taking part in a study to assess how technologies like solar-plus-storage hybrids can provide baseload power in the Philippines.

Indonesia’s state-owned utility and battery producer have launched a 5MW battery energy storage system (BESS) pilot project, the first up to 2GW of battery storage it could deploy on its national grid.

The first ever solar-plus-storage hybrid resources system in the Philippines is now in operation after energy company AC Energy (ACEN) switched on the site’s battery energy storage system (BESS).

Powin Energy has signed framework agreements with four developers for 5.8GWh of battery storage solutions to be delivered in the 2022-2024 timeframe. 

Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.

Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said. 

In the Philippines, Fluence has brought into commercial operation the first project in an order totalling nearly half a gigawatt, for vertically-integrated power company SMC Global Power Holdings (SMCGPH).