Vietnam’s Vingroup Company has expressed interest in investing in the Philippines particularly in electric vehicle (EV) battery production during President Ferdinand R. Marcos Jr.’s state visit to Vietnam on Monday.
Tenaga Nasional Bhd will kick-start a 400 megawatt-hour (MWh) battery energy storage system (BESS) pilot project in this quarter, marking Malaysia’s first utility-scale battery storage project to address intermittency issues of renewable energy (RE).
Chinese lithium battery maker Eve Energy will build a new affiliate in Malaysia targeting the energy storage market, expanding its presence in the Southeast Asian country.
Vietnam needs to issue policies to encourage and manage Battery Energy Storage Systems (BESS) for renewable projects to ensure a stable power supply, a foreign expert has advised.
Rondo Energy, developer of the Rondo Heat Battery, announced it has partnered with Siam Cement Group to expand its factory to a 90 GWh capacity. The Thailand facility currently produces 2.4 GWh of industrial heat batteries and is planned to be expanded to the largest battery factory in the world.
Rida Mulyana, Secretary General of the Energy and Mineral Resources Ministry, claimed that electric vehicles can save customers up to Rp2.77 million on fuel expenses per year. Not only is it beneficial to the public, the use of electric vehicles also reduces the government budget.