Asia Pacific Stationary Flow Battery Storage Market, 2034 Report
In Australia and Southeast Asia, pilot projects are demonstrating how flow batteries can optimize energy use in manufacturing plants, data centers, and commercial buildings.
The Philippines has become the most policy driven battery storage market in Southeast Asia. Through Green Energy Auction Program (GEA) 4, the Department of Energy has integrated storage as a mandatory element of large-scale renewable tenders. This decision has created a multi gigawatt pipeline of projects that have a clear commercial path.
S outheast Asia is shifting from the sidelines of battery storage to the centre of a global energy transition. It is on the brink of a battery energy storage (BESS) leap that could reshape its energy systems. The region's market is valued at around USD 3.5 billion in 2024 and is projected to approach USD 5 billion by 2030, expanding at 6 % CAGR.
VFlowTech— spun out of Singapore's Nanyang Technical University and claimed to be Southeast Asia's only flow battery company— partnered with global liquid logistics group Advario in 2022. That came shortly before the closing of a US$10 million Series A funding round aimed at enabling VFlowTech to set up manufacturing lines and develop its products.
Officially inaugurated in early 2023 on the island which houses much of Singapore's industrial and energy infrastructure, the BESS project is the biggest of its kind in Southeast Asia. It was developed by Sembcorp in collaboration with the Singapore Energy Market Authority (EMA) after winning an EMA contract through a solicitation.
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