Market dynamics, technical developments and regulatory policies that could be decisive for energy storage deployment in Australia, Mainland China, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam. Energy storage systems in the Asia Pacific region This white paper explores the opportunities, challenges and business cases.
Assuming about 15% of these point source CO2 emissions would be mitigated through CCS, the annual CO2 storage capacity need is about 150 Mt. The available storage volume, in 10s of gigatons, appears to meet the sequestration needs of the region for many decades. Map of estimated storage capacity in ASEAN region.
To evaluate the CCS feasibility in Southeast Asia, we first identify the CO2 storage sites in several member countries of the Association of Southeast Asian Nations (ASEAN). Storage potential is estimated at 11.7 Gt in 234 oil and gas fields, 24.2 Gt in 42 field-scale saline formations, and 275 Gt in basin-scale saline formations.
Battery energy storage systems (BESS) have emerged as a solution for mitigating the intermittent nature of solar and wind power with the rise of renewable energy. The application of BESS is essential in integrating large-scale renewable energy.
Image: ACEN. There has been an uptick in energy storage investment in Southeast Asia, a region still largely powered by coal and experiencing high growth in population and energy demand. Andy Colthorpe speaks with companies working to establish a framework of opportunities in the region.
As a result, transporting CO2 by ship could potentially be a cost competitive option for CCS in Southeast Asia. Moreover, ship transport routes can be altered during operation to divert injection to different available storage sites.