Household energy storage exports to asean

Is Southeast Asia a good place to invest in energy storage?

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.

What is ASEAN Energy Statistics leaflet?

2023 ASEAN Energy Statistics Leaflet (AESL) provides comprehensive visualised snapshots of the energy landscape in ASEAN. These include primary energy supply, final energy consumption, electricity, renewable energy, energy-gender, and other energy-related indicators.

Is energy demand increasing in Southeast Asia?

Energy demand in Southeast Asia has increased on average by around 3% a year over the past two decades, and this trend continues to 2030 under today’s policy settings in the STEPS. Southeast Asian countries are in different stages of their development, but almost all of their economies have more than doubled in size since 2000.

What affects Southeast Asia's Energy Prospects?

Since the last edition of this report, the energy prospects for Southeast Asia have been affected by the Covid-19 pandemic, new energy and climate policy commitments and, most recently, high and volatile prices exacerbated by the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine.

Why does Southeast Asia have a huge energy trade deficit?

A widening gap between indigenous production and the region’s projected oil and gas needs results in a ballooning energy trade deficit. By 2040, Southeast Asia is projected to register a net deficit in payments for energy trade of over $300 billion per year, almost entirely due to imports of oil.

Why should Southeast Asia Invest in manufacturing and processing?

Investment in processing and manufacturing to develop critical-mineral based industries can help extract additional value from Southeast Asia’s natural resources. Malaysia and Viet Nam are the world’s second and third largest manufacturers of solar PV modules.