Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.
ESR, a Singapore-headquartered real asset owner and manager focused on logistics real estate and data centres, has signed an agreement to acquire 100% of Aquila Clean Energy APAC.
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.
In this interview with Energy-Storage.news, Colin Koon Peng Ho of Banpu NEXT explains why policy certainty now outweighs cost in APAC battery storage investment decisions, and discusses regulatory barriers, supply chain localisation and the most attractive BESS opportunities.