Ayala’s ACEN Corp has loaned PHP9 billion (US$144 million) to subsidiaries within the group for renewable energy and battery storage projects.

Blueleaf Energy and Universal Peak have closed financing for a 100MW/400MWh battery storage project, which was one of four winning bids in a Malaysian government tender.

ESN Premium learns about Hong Kong’s role as a bridge between China and the world, from energy storage solution provider RelyEZ and investment promotion agency InvestHK.

Japanese utility Tokyo Gas has entered into a long-term offtake agreement for a 49.7MW/202.1MWh battery storage project in Fukushima Prefecture.

Hanoi Power Corporation (EVNHANOI) has begun pilot operation of five battery energy storage systems at substations in Hanoi, Vietnam.

Electricity sector regulations in Thailand require significant reforms to support the use of energy storage as a critical tool for renewable energy integration.

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.

Waratah Super Battery developer Akaysha Energy and partners have begun construction of a large-scale battery project in Fukuoka, Japan.

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.