Join us as we welcome Vikram Kumar, Regional Head, Infrastructure and Natural Resources at the IFC, to discuss the role of international finance in accelerating energy storage deployment in Asia.  

Opening address from Mario C. Marasigan, CESO III Assistant Secretary at the Department of Energy, Philippines.  

Focusing on technological advancements, market evolution, and the current business case for storage, we will discuss how storage is already being used to support reliable power supply, what makes it cost-effective, and how its development will play a strategic role in Asia's clean energy transition. Join this session to find out more about the challenges of a nascent market that holds the key to a flexible power system.

• How does energy storage fit into the current energy landscape and how will this change over time?
• What are the key cost factors and timelines for battery systems to become cost-competitive?
• Which business models offer the greatest revenue opportunities for storage?
• How will the market size and investment potential of storage evolve and what challenges are faced by the nascent storage market?

The Asia Pacific added 25GW/51GWh of energy storage capacity in 2023 and is expected to increase this total by 60% in 2024. Southeast Asia alone is expected to hit 6.2GW/15.9GWh by the end of 2030. As demand grows for energy, and pressure is placed on the continued deployment of intermittent renewables, governments stand to benefit from greater storage deployment. This keynote panel will set the scene for storage policy, regulatory incentives, and the role of government in supporting storage across Asia. Keep abreast of the latest updates in BESS policy and regulation in these emerging storage markets

• What are the current BESS policies, regulations, and incentives in different countries and how are these policies expected to evolve over the next five years?
• Regional business models that make the most sense and optimal revenue stacking for BESS systems
• What lessons have been learned from past projects and successful BESS regulation?

Where does the cost of BESS go and what can be done to bring down the cost of deploying, maintaining, and operating storage systems?  This panel will answer your questions on how to optimize your asset.

• How are others forecasting CAPEX and OPEX costs and how can these be balanced to ensure profitability?
• What are the major lessons learned from other projects that have come online?
• Battery lifecycle focus, how will battery degradation impact the cost of maintenance and how can optimization extend lifetime?
• Costs associated with Lithium-ion vs other technologies
• What is expected from supply chain cost presently and where are we seeing future impacts?

Keep up to date on the latest BESS developments with a presentation delivered by Dr. Leo Zhao, Head of Energy Storage Solutions in the APAC Region.
 

A build-out of storage can generate revenue for those looking to prevent the curtailment of intermittent renewables. This panel will explain how others have successfully used storage hybrid technologies and guide how to model the returns of energy storage projects to attract investment. Discussion points will include Identifying the market structures where hybrid battery projects can generate the greatest return as well as the technical and operational aspects of co-located projects.

After years of expectation, Japan’s low-carbon capacity auctions and attractive subsidies now provide a 20-year fixed revenue for newly developed power sources, including battery energy storage systems (BESS). As the fifth-largest energy consumer in the world by country, Japan has a mature power sector that has capacity to take on BESS projects of scale. Hear from experts operating within the Japanese market to understand how to access these incentives, potential hurdles, and the opportunities that this increasingly attractive market represents.

• With the increase of intermittent generation assets and limited interconnection between regions with priority dispatch for nuclear, what is the current need for BESS grid services and how will the market shape in the coming years?
• How accepting is the market for non-domestic players and what should developers consider before moving into the Japanese market?
• How is the Long-term Decarbonization Auction shaping the investment landscape for this asset class going forward, and are projects still viable from an equity and debt perspective without this?
• From volatile intraday prices and potential for arbitrage to capacity markets and ancillary services, which business models are most likely to bridge the gap between earnings and investment targets in 2024 and what lessons can be learned from other regions?

Launched in 2023, the Indonesian Diesel Replacement tender consists of the hybridization of existing diesel gensets with solar PV and BESS at 94 remote isolated grids across Indonesia. In this case study session hear more on PLN’s Diesel Replacement program by ib vogt, the awardee of the West cluster of PLN’s first diesel replacement tender.

Interconnecting national power systems to enable power trade is a key strategy to strengthen energy security and shift to renewables through efficient resource sharing. By leveraging storage technology to manage fluctuating supply and demand, countries can bolster interconnectivity and foster further multilateral power trading initiatives driving regional energy cooperation and sustainability.

• How can storage help grow greater interconnectivity across the region, including the expansion of the ASEAN Power Grid and multilateral power trading projects?
• What are the economic implications and potential cost savings associated with incorporating storage technology into multilateral power trading initiatives?
• What lessons can be learned from projects involved in exporting energy?
• What regulatory frameworks and financing options are needed to support the deployment of storage within cross-border energy trading projects?

In early 2023 the Philippines Department of Energy (DOE) outlined new market rules and policies for energy storage, a month after the country allowed 100% foreign ownership of renewable energy assets. As the market aims for a renewable energy generation mix of 50% by 2040, where does BESS sit within the country's strategic plans?  

• Current regulation and policy
• Navigating the hurdles to deployment and lessons learned
• Understanding ERC regulatory pricing, co-optimized pricing and unbundled market structures
• Business models that make sense, from microgrids to utility-scale deployment and the long-term incentives for storage investment

What learnings can the industry take from the last 10 years of global energy storage deployment? The Energy Storage Summit Asia Day 2 will begin with a welcome from Energy Storage News: the leading global publisher of energy storage information. Learn about Energy Storage News' take on the latest and most important energy storage developments.
 

Grid systems globally will need an uptick in the amount of energy storage assets to manage the growing amount of connected intermittent renewables. This issue underscores the increased need to invest in battery storage. Increasingly, ‘resiliency’, ‘flexibility’, and ‘optimization’ are all buzzwords you may hear when referring to energy storage, but do you really understand the business case for deploying storage assets to enhance, strengthen, and improve reliability in the grid? Uncover the facts in this panel discussion.

• Using emerging technologies like grid-forming inverters alongside storage to ensure grid resiliency
• What business models generate revenue by offering services to ensure grid stability and/or voltage and frequency stability to captive consumers?
• Preparing for emerging challenges to grid stability and the business case for using energy storage technologies to support the grid

Keep up to date on the latest BESS technology with Shenzhen ATESS Power Technology, a leading energy solution provider focusing on design and manufacturing of PV hybrid inverter, battery inverter, storage solution and EV charging stations.

This session offers the audience a first-hand opportunity to ask experts in development and concessionary finance their opinions on the opportunities within energy storage. Example questions include:
 

• What projects and buisness models are more attractive for investment?
• Which markets are of greatest interest and why?

A lenders perspective on energy storage within the region and the factors that make a project attractive. In this session we will address risk and returns by understanding optimal financial structures for energy storage projects.

• How does the risk profile of storage differ from market to market across Asia?
• In emerging markets, how are capital providers structuring finance to mitigate risk?
• Local investment, foreign investment, or a mixture of both?
• Where are incentives currently offered and how can the industry encourage private investment into the sector to overcome barriers to growth?

Many commercial and industrial and residential customers across the Asia region could benefit from energy storage to strengthen power supply and reach a net-zero goal.

• What benefits can customers get from integrating battery systems?
• What are the technical and operational challenges?
• How can energy producers capitalize on the need for more energy storage?

With growing incentives to deploy storage systems this session will explore how to structure a successful PPA agreement. You will have the opportunity to ask your questions on how to include storage systems within contracts, key considerations, and lessons learned.

• PPA structures, pathways for IPPs and tolling systems explained
• Time-stamped renewable energy certificates and 24/7 power demand
• Structuring PPAs for different projects of scale
• Data centers considered: how can battery systems be integrated with data centres and how might this impact the energy storage sector going forward?