Electrifying low-temperature industrial heat and steam processes with renewables could reduce European Union natural gas consumption by 35 billion cubic metres-per-year, according to a report from the International Energy Agency (IEA).
The government of Malaysia has unveiled the next round of its Large-scale solar (LSS) program tender seeking 2.5GW of solar PV co-located with 1.25GW of battery energy storage system (BESS) capacity.
New market rules will encourage investment in energy storage as a key component of Thailand’s national energy vision, according to the country’s energy ministry.
Developers must use all the tools at their disposal and be aware of the frontline climate risks that battery storage projects in Southeast Asia will be subject to.
The rising costs of coal and gas mean that the adoption of renewable energy is a “survival issue” for countries in Southeast Asia, and energy storage is critical to the transition.