DBP grants P750-M credit line to boost renewable energy storage
MANILA – State-owned Development Bank of the Philippines (DBP) has granted a PHP750-million revolving credit line to a fledgling energy firm for the manufacture and export of cost-effective and sustainable energy storage systems for power generation activities of renewable energy companies, a top official said.
ABB and SMC partner on 80MW energy storage project in Philippines
SMC Global Power Holdings Corp. (SMC), one of the major suppliers of power to the national grid in the Philippines, has partnered with ABB to install battery energy storage system (BESS) facilities as part of its nationwide BESS Project.
Wärtsilä commissions 60MW / 60MWh of battery storage in Philippines
Power and energy systems technology group Wärtsilä has completed work on two large-scale battery energy storage system (BESS) projects in the Philippines.
ABB supplies Southeast Asia’s largest battery energy storage system
With the global energy storage system market expected to reach $17.9 billion by 20271, battery energy storage systems (BESS) are emerging as the strongest solution to increase grid flexibility and reliability.
Indonesia says building $1.2 bln battery plant with S.Korea’s LG
State-owned Indonesia Battery Corporation (IBC) and South Korea’s LG will build a new battery plant worth $1.2 billion with the capacity of 10 gigawatt hours (GWh), Indonesia’s investment minister said on Monday.
Hitachi ABB Power Grids Provides Battery Storage Tech to Thailand
Switzerland-headquartered Hitachi ABB Power Grids Ltd. recently announced its selection by Impact Solar Limited, a subsidiary of Impact Solar Group, to provide Battery Energy Storage System (BESS) and controls technology to a “smart industrial park” project in Thailand, which is a part of the country’s largest private microgrid at Saha Industrial Park in Sriracha.
Thai plans for 8 GWh lithium battery gigafab
A Florida-based e-mobility company and a business park operator have pledged to invest up to $1 billion into the planned factory, in Chonburi province, starting with a 1 GWh section likely to take shape in 2023.
SEACEF invests in Vietnam solar and storage project
The South East Asia Clean Energy Facility (SEACEF), a collaboration of international foundations seeking to accelerate the low-carbon transition in Southeast Asia, has invested at the development phase of a floating solar and storage project in Dong Nai province in southeastern Vietnam.
