As the development of the Asean Power Grid ramps up, interest in energy storage systems is ‘accelerating’
[SINGAPORE] Energy storage systems (ESS) and batteries will be vital as Singapore and its neighbours work towards building the Asean Power Grid, creating fresh investment opportunities for the sector, the Republic’s energy regulator and industry players told The Business Times.
The Asean Power Grid refers to the region’s effort to build interconnections for the trade of energy, especially clean sources such as solar and wind power.
Singapore aims to import around six gigawatts (GW) of low-carbon electricity by 2035, which will meet around one-third of its energy demand then. The city-state currently generates 95 per cent of its electricity from imported natural gas.
