Why should the Philippines invest in energy storage?

The Philippines has a substantial incentive to face the challenges of the effects of climate change as a tropical archipelago. The country wants 50% renewables in the energy mix by 2040. As an essential part of a low-carbon energy system, the Philippines’ energy storage market holds great potential.

What is the future of energy storage in the Philippines?

Under the Philippine energy scenario, peak demand is seen growing by 5.3 percent annually until 2028. Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.

Does the Philippines want 50% renewables in the energy mix?

The country wants 50% renewables in the energy mix by 2040. As an essential part of a low-carbon energy system, the Philippines’ energy storage market holds great potential. The country’s Department of Energy (DOE) has outlined a new draft of market rules and policies for energy storage in support of renewable energy integration and grid stability.

How is Bess transforming the Philippine energy industry?

With the commercial operations of approximately 1,000 MW of BESS facilities across 32 locations in the Philippines, we are now ushering in a new era for the Philippine energy industry through significant improvements in grid reliability and the integration of more renewable power sources to the country’s diverse energy mix.

How much battery storage capacity will the Philippines have?

As the Philippines gears up for the entry of more renewables into the grid, the government anticipates close to 2,000 MW of battery storage capacity to complement them. According to DOE data as of end-March, ESS projects with a combined capacity of 594 MW are committed to come online over the next three years.