KUALA LUMPUR, July 29 -- Grid resilience and renewable energy integration remain core investment areas in Asia as the region continues to increase power grid capacity to support surging energy demand, created by industrialisation and economic developments.
“Asia’s power leaders are reassessing their energy transition strategies in view of the ongoing global pandemic,” said Adrian Tan, Vice-President for Sales & Marketing for Black & Veatch, Power Business Asia.
“While decarbonisation and decentralisation expand the complexity of the grid across business models, engineering and technology, they are also presenting opportunities for the regional power sector.”
In a statement, Tan identifies the key opportunities for Asia’s power sector.
As integrated power infrastructures continue to meet Asia’s electrification demands, the opportunity is to tap into distributed generation, like microgrids and rooftop solar to achieve remote electrification and sustainability targets in archipelagic countries, like Indonesia and Philippines.
In addition, Battery Energy Storage Systems (BESS) increase grid stability, enhancing Asia’s energy security. The opportunity is to balance variable renewable energy generation with BESS and larger transmission capacities to stabilise the grid.
Asia power sector also accelerates digital transformation adoption which presents opportunities to address core challenges of grid stabilisation, peak load management, system flexibility and reliability in a holistic manner.
Based in Bangkok, the newly-appointed Tan is responsible for delivering solutions to clients across the full range of EPC services in conventional, renewable, and distributed power generation, transmission and distribution, microgrids and behind-the-metre services.
-- BERNAMA
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