Stay informed about the latest developments in cabinet manufacturing, IP rating standards, outdoor enclosure technology, and industrial cabinet solutions.
ASEAN has set a clear goal: build a fully integrated, low-carbon regional power grid by 2045. Backed by strong political commitment and international support, this plan aims to connect 10 countries and nearly 700 million people across Southeast Asia. It's one of the most ambitious energy integration efforts in the world.
To facilitate investments in renewables in ASEAN, it is critical to overcoming the barriers in renewable energy legislation, energy governance, and business environment. 28 Cooperation through the ASEAN Power Grid brings economic benefits to the region as a whole, and thus improves the affordability for energy transition.
ADB is uniquely positioned to support the ASEAN Power Grid. The ASEAN power grid will improve energy security, strengthen resilience of the overall energy system, and promote the region's decarbonization. Delivering the ASEAN Power Grid is a complex, long-term task that requires strong and strategic partnerships.
ASEAN recognises the critical role of efficient, reliable and resilient electricity infrastructure in stimulating regional economic growth and development. To meet the growing electricity demand, huge investments in power generation capacity will be required.
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
The main energy storage method in the EU is by far 'pumped storage hydropower', which works by pumping water into reservoirs when there is an electricity surplus in the grid - for example on a sunny or windy day - and releasing it when more energy is needed.
Historic and forecasted megawatt installs of energy storage across Europe. Image: EASE / LCP Delta. A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.
The latest edition of the European Market Monitor on Energy Storage by LCP Delta and The European Association for Storage of Energy (EASE), released today, highlights Europe's rapid expansion in energy storage capacity, which reached 89 gigawatts (GW) by the end of 2024.