Philippines plans energy storage project

What is the future of energy storage in the Philippines?

Under the Philippine energy scenario, peak demand is seen growing by 5.3 percent annually until 2028. Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.

Why is the Philippines betting on battery energy storage systems?

The Philippines is betting on battery energy storage systems (BESS) to achieve its ambitious renewable energy (RE) targets and build a more sustainable energy future.

How many new power projects in the Philippines?

The Department of Energy (DOE) has endorsed 11 new power projects, totaling 4,500 megawatts (MW), for System Impact Study (SIS) approval by the National Grid Corporation of the Philippines (NGCP).

How can the Philippines build a more sustainable future?

This project will support the Philippines’ ambitious plans to build a more sustainable future for its communities, by decarbonizing energy generation and ensuring that 54% of its energy mix comes from renewables by 2040 (a sizeable increase from 29% of renewables in 2019).

How much battery storage capacity will the Philippines have?

As the Philippines gears up for the entry of more renewables into the grid, the government anticipates close to 2,000 MW of battery storage capacity to complement them. According to DOE data as of end-March, ESS projects with a combined capacity of 594 MW are committed to come online over the next three years.

How many Bess projects are there in the Philippines?

DOE data reveals 1,850 MW of committed BESS projects by 2030 and 1,951 MW of indicative projects by 2033, as of November 2024. The agency projects 330 MW of BESS capacity coming online this year alone. “We have seen that battery electricity storage is a crucial technology for the Philippines,” the DOE said.