Why should you install a battery energy storage system in the Philippines?

BESS acts as a buffer between the grid and your facility, ensuring a consistent and reliable power supply. BESS can help keep essential appliances running in areas where power outages are common. Curious to find out how much you can save installing battery energy storage systems in the Philippines?

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.

Which country has the largest battery energy storage system?

(Photo from SMGP) The historic province of Bataan, 127 kilometers (78 miles) from the capital city Manila, hosts the Philippines’ first and largest Battery Energy Storage System (BESS) owned and operated by San Miguel Corporation’s (SMC) Global Power Holdings Corp. (SMGP).

What is a battery energy storage system?

Battery Energy Storage Systems, commonly known as BESS, are advanced energy storage solutions designed to store electricity generated during periods of low demand or from renewable sources such as solar panels or wind turbines.

How much does a battery energy storage system cost?

Larger facilities with higher energy demands will require more extensive and costly systems. Battery energy storage systems using lithium-ion technology have an average price of US$393 per kWh to US$581 per kWh. While production costs of lithium-ion batteries are decreasing, the upfront capital costs can be substantial for commercial applications.

Does the Philippines have a strong energy supply?

A significant amount of the Philippines’ primary energy supply is still fossil fuel-based, making the country vulnerable to rising energy costs and market volatility while the energy production is at the same time CO2 intensive.