What will ASEAN's Energy Future look like?

ASEAN’s power generation is expected to make a substantial shift towards renewable energy, particularly solar and wind, with the RAS and CNS leading this transition. Energy storage technologies, including Battery Energy Storage Systems, will play a critical role in stabilising the grid and supporting the ASEAN Power Grid.

How can ASEAN improve energy security?

Energy security remains a concern due to geopolitical tensions, market volatility, and the low-carbon transition. To strengthen energy resilience, ASEAN must prioritise optimising and decarbonising its energy sector, ensuring access, affordability, efficiency, and security, while contributing to economic growth and global climate goals.

Can ASEAN reshape its energy landscape?

The post-Covid-19 recovery presents a key opportunity to reshape ASEAN’s energy landscape. With nearly one-tenth of the world’s population and rapid urbanisation driving energy demand, the region saw a 15.2% annual rise in energy consumption in 2022, surpassing pre-pandemic levels.

What is liquid air energy storage?

Known as liquid air energy storage, this system uses excess energy from the power grid or cold energy harvested from other processes to cool air, turning it from a gaseous state to a liquid state stored at -196 degrees Celsius.

Why is the ASEAN region growing so fast?

The ASEAN region represents around 650 million people and an economic region with an annual growth rate of 5%. This is accompanied by a continuous increase in GHG emissions, mainly due to the high consumption of electricity that is growing by 6% annually.

How long does a liquid air energy plant last?

A liquid air energy plant is estimated to last for 25 years or longer, as it does not have any electrodes, cathodes or anode materials that degrade after hundreds of charge and discharge cycles like a battery, which must be recycled or disposed of.