Asia Battery Demand
Grid needs upgrade to support battery storage growth
Grid needs upgrade to support battery storage growth
Batteries account for nearly 100% of the global storage market.
Energy storage VC funding up 59% YoY to $9.2b in 2023
This is supported by the Inflation Reduction Act’s investment tax credit and other incentives.
Alterenergy launches solar-battery project in Palau
The total project cost US$29m.
ACEN, AMI Renewables to develop Vietnam’s first grid-connected battery energy storage
The BESS will have a capacity of 7.5MWh.
Where to put big batteries within Australia’s ‘skinny grid’
About 400km northwest of Brisbane stands a new 100MW battery energy storage.
Queensland’s largest energy storage system starts operation
It has a 100MW of capacity.
China, US to account for 75% of global energy storage demand
Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.
Battery energy storage investment to climb US$20b in 2022: IEA
This is largely led by grid-scale deployment.
ACEN Australia begins 50MW battery storage development
This will be connected to the New England Solar Farm in New South Wales.
Asia to bring bulk of battery demand by 2030
Demand from the region will account for 41% of the global market.
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