Energy Storage News•17 days ago
Vena Energy signs BESS agreement with CATL for Indonesia-Singapore ‘renewable energy corridor’
Key Takeaway
This agreement signals the growing viability of large-scale battery storage and international interconnects in facilitating cross-border renewable energy trade, creating new opportunities for developers and enhancing energy security for large consumers.
AI Summary
- •Vena Energy has secured a BESS supply agreement with CATL for a significant renewable energy export project connecting Indonesia and Singapore.
- •This initiative marks a critical step in establishing a cross-border renewable energy corridor in Southeast Asia, opening new markets for renewable generation and storage developers.
- •The project highlights the increasing role of large-scale battery energy storage systems (BESS) in enabling long-distance renewable energy transmission and enhancing grid stability for energy-importing nations like Singapore.
Topics
financinginterconnectoempolicyppasolarstoragewind