Values of Energy Storage in Different Asia Pacific Contexts
(Room Garuda 9, 1st Floor)
19 Sep 18
9:30 AM
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11:00 AM
Tracks:
TRACK E - Distributed Energy Resources
In the past year, energy storage has grown in importance as a cutting-edge solution for rectifying grid-related issues and the integration of renewables into the centralized power system. Mature electricity markets such as the United Kingdom and Australia have been at the forefront of storage development, with more limited activity in Asia Pacific. However, there has been progress in India, China, and Japan, with a few high-profile projects having recently been announced or commenced. As a sector, storage has a very large potential (USD 103 billion cumulative investment by 2030, according to BNEF), but its value and how it can be used will vary between countries. In regions with underdeveloped grids, storage will be deployed in hybrid microgrids alongside diesel generators and solar panels to electrify rural areas. In more advanced markets with mature regulation, utility-scale batteries can create value through ancillary services, arbitrage, avoided penalties from energy regulators, and the deferral of investments. To illustrate these value streams, we will examine the potential of storage in three countries: Australia, India, and Indonesia. This will be done through a consideration of the regulatory conditions, the extent of electrification, and the structure of the power market, supported by quantified modelizations of the possible revenue streams. We would also consider the implications for different players in the sector. The discussion will then be opened to countries other than the ones presented.