Market Brief
Philippines Gives Battery Energy Storage Another Look, an Industrial Info Market Brief
The Philippines is considering Battery Energy Storage System (BESS) technology as a primary or ancillary energy source in its southern region
Released Thursday, June 20, 2019
The Philippines is considering Battery Energy Storage System (BESS) technology as a primary or ancillary energy source in its southern region. BESS could help the area reduce its power outages, which have been a persistent problem.
The price of lithium-ion batteries is considered high, but proponents say it is still more cost-competitive when compared with coal and natural gas.
Industrial Info is tracking an estimated $502 million worth of BESS projects in The Philippines. Click here for a list of projects, and see map below.
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