ASEAN to Push Utilisation of Storage Technologies
To accommodate this strategy, in September 2019, the Department of Energy issued a circular addressing the need for support from the Energy Regulatory Commission to give cost recovery
Determinedly, the region has set the targets of 23 per cent renewable energy share in Total Primary Energy Supply (TPES), and 35 per cent share of renewable energy in ASEAN installed power capacity by 2025. This means that energy storage is required. What Is The Status Quo?
According to the ASEAN Centre for Energy (ACE) Policy Brief: Enabling Policies for Promoting Battery Energy Storage in ASEAN, only a few AMS have related policies. For instance, Thailand's Ministry of Energy presented its 'Energy 4.0' strategy by integrating disruptive energy technologies such as energy storage systems.
Indonesia's successful securing of a World Bank loan for developing pumped storage facilities exemplifies how government backing is facilitating large-scale energy storage projects.
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