Policy and Regulatory Environment for Utility-Scale Energy
Preface This report—Policy and Regulatory Environment for Utility-Scale Energy Storage: Bangladesh—is part of a series investigating the potential for utility-scale energy storage in
Preface This report—Policy and Regulatory Environment for Utility-Scale Energy Storage: Bangladesh—is part of a series investigating the potential for utility-scale energy storage in
The Bangladesh Energy Storage Systems Market is poised for significant growth in the coming years due to increasing renewable energy integration, government initiatives to enhance
This report was prepared by the National Renewable Energy Laboratory (NREL) with support from the U.S. Department of State to inform a broader dialogue around the future direction of
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Concluded in May 2023, the assignment assessed available energy storage technologies, evaluated the role of energy storage in the current grid conditions, identified potential storage locations, analysed energy storage requirements under variable renewable energy (VRE) integration, and developed a roadmap for energy storage in Bangladesh.
Energy supply and its sources are limited in Bangladesh, where only natural gas and coal exist in large amounts. Indigenous natural gas is the principal fuel, but its reserves will be exhausted within the next 10–15 years if new gas reservoirs are not found (MoPEMR, 2016). The country regularly imports oil and coal to meet baseload electricity.
The roadmap highlights specific use-cases for consideration in the Bangladesh power sector over three different future time horizons. It also includes a summary of indicative policy and regulation actions and interventions that may be considered to enable the deployment of energy storage within the defined time horizons.