In my trips to China in the last three months, I have learnt that the Chinese government had legislated energy storage systems to be part of newly installed utility-scale wind and solar farms to (1) manage the intermittent nature of solar energy, (2) reducing electricity costs through peak demand management, (3) grid stabilization and (4) strengthen grid resilience.
Exciting news from Wood Mackenzie's recently published report: Asia-Pacific is poised to become a global leader in clean energy by 2050! With a surge in electric vehicle adoption and renewables, the region holds 50% of new low-emissions tech opportunities. Long-duration energy storage (#ldes), including vanadium redox flow batteries, play a pivotal role in this transition, ensuring reliable power supply even when renewable sources are limited, or demand is high. By storing excess energy generated from renewables like solar and wind, LDES systems contribute to grid stability and support the broader adoption of clean energy. China and Australia shine, exceeding targets in solar, wind, and EVs. But to reach net-zero emissions, various policy support is required, including carbon capture and energy storage regulations. Despite challenges, APAC's commitment to sustainability shines bright. VFlowTech is committed to championing the clean energy revolution. Are you committed too? Let's champion this clean energy revolution together! 💡 Read more: https://lnkd.in/ggwj2kg9. #VFlowTech #cleanenergy #greenengineering #renewableenergy #sustainability #energytransition #ldes