Why does Southeast Asia need flexible energy storage solutions?

Southeast Asia's exponential growth in electricity demand, averaging over 6% annually over the past two decades, has created an urgent need for reliable and flexible energy storage solutions. This surge in demand is primarily driven by increasing ownership of household appliances and rising consumption of goods and services across the region.

How can the ASEAN Power Grid facilitate investments in renewables?

To facilitate investments in renewables in ASEAN, it is critical to overcoming the barriers in renewable energy legislation, energy governance, and business environment. 28 Cooperation through the ASEAN Power Grid brings economic benefits to the region as a whole, and thus improves the affordability for energy transition.

Can energy storage solutions be integrated into a power infrastructure?

Despite their different development stages, these markets share common challenges and opportunities in integrating energy storage solutions into their existing power infrastructure.

Does ASEAN need energy storage?

The ASEAN energy storage landscape is undergoing a significant transformation driven by the region's ambitious renewable energy goals and growing energy demands. The ASEAN Centre for Energy (ACE) projects the region's total final energy consumption to increase by 146% by 2040, highlighting the urgent need for robust energy storage systems.

Does ASEAN have technology options to decarbonize power sector?

Faced with energy transition objectives, the ten countries of the Association of Southeast Asian Nations (ASEAN) have technology options to decarbonize power sector. This study investigates the hypothetical decarbonization pathways for ASEAN’s power sector.

How much investment does ASEAN need for generation infrastructure?

Across scenarios, generation infrastructure will require a cumulative investment equivalent to 29.6%–44.6% of ASEAN’s 2018 GDP (Gross Domestic Product). The investment requirements for the expansion plan, however, are unevenly distributed across countries, especially with the ambition to achieve a carbon-neutral power sector.