Adequate grid connections and grid-scale energy storage is needed to increase investor confidence and help the Asia Pacific (APAC) region to deliver reliable, affordable and clean energy.
This is one of the findings from a new report that explores the opportunities and challenges that will impact the emergence of utility-scale, grid-connected energy storage systems (ESS) in the region.
DNV report, ‘Energy Storage in the Asia Pacific Region’
Grid-connected energy storage systems can help to safeguard operations
The DNV report, ‘Energy Storage in the Asia Pacific Region’, reveals that although investors recognize the opportunities that the widespread deployment of variable renewable energy sources (VRES) will bring to APAC, many are concerned about being left with underperforming or stranded assets, because of inadequate storage solutions.
Grid-connected energy storage systems can help to safeguard operations and the economics of intermittent generation from wind and solar.
Battery Energy Storage Systems (BESS)
The report finds that although Battery Energy Storage Systems (BESS) will become increasingly commercially viable through technological advances and cost-learning effects, regulation and government policies will ultimately prove decisive in whether commercial opportunities are available for energy storage, in order to provide valuable services to grids.
Utility-scale, grid-connected energy storage systems (ESS)
Brice le Gallo, the Regional Director – APAC for Energy Systems at DNV, said “We expect utility-scale, grid-connected ESS to emerge across APAC within five years. But operating storage is significantly different from operating fossil or VRES power plants and requires different strategies for each application.”
Brice le Gallo adds, “Investors and developers are making decisions now, or will be soon, about the optimal configurations, sizing, and locations for potential ESS projects and need guidance both from a technological and regulatory standpoint.”
Report outlines strategies, testing and certification services
The report – ‘Energy Storage in the Asia Pacific Region’ also outlines strategies, tools, testing and certification services to manage the technical and economic risks involved in ESS projects.
