IS CCS IN ASIA PACIFIC READY FOR A CROSS BORDER
The power station, with a 300MW system, is claimed to be the largest compressed air energy storage power station in the world, with highest efficiency and lowest unit cost as well.
With rapid urbanisation and industrialisation, the East Asia and Pacific region has been on a trajectory of rapidly rising energy demand. China continues to dominate hydropower development in the East Asia and Pacific region, adding 14.4GW of new installed capacity in 2024 to reach a total of 435.95GW.
The ASEAN bloc has set the targets of 23% renewable energy in its Total Primary Energy Supply (TPES) and 35% renewable energy in ASEAN installed power capacity by 2025. This means that energy storage is required. Additionally, without BESS acceptance on a larger level, the needed funds won't materialise, and fewer BESS will be built.
Laos has emerged as a regional hub for hydropower development in South East Asia, with strong investment flows and export-driven policies. The country is targeting 13GW of capacity by 2030, up from 9GW in 2020. With an estimated potential of 26GW, expansion is ongoing.
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