Energy storage for renewable energy Integration in ASEAN and
Energy storage for renewable energy Integration in ASEAN and East Asian Countries: prospects of hydrogen as an energy carrier vs other alternatives. Senayan, Jakarta,
As countries in the Asia-Pacific region strive to meet their energy needs while committing to reducing greenhouse gas emissions, the advancement of energy storage technologies has become a key focus area . Energy storage systems (ESS) play a crucial role in the transition to a low-carbon energy future.
Introduction The Asia-Pacific region, which is home to over 60% of the world's population, is experiencing rapid economic growth and urbanisation. This growth has led to an increasing demand for energy, which, in turn, has highlighted the critical need for sustainable and efficient energy storage solutions.
Specifically, the NEA's 2023 Energy Storage Guidelines mandate that new renewable projects above 50 MW include at least 20% storage capacity (e.g., 10 MWh for a 50 MW plant), with subsidies of CNY 500,000/MW for compliant projects, driving 10 GW of new BESS installations by 2024 .
Investments in energy storage can stimulate innovation, reduce energy costs, and improve the competitiveness of renewable energy sources. Analysing the economic benefits and challenges associated with these frameworks provides a deeper understanding of their impact on regional economies. 4.8. National Policy Interplay
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