The solution is energy storage, and unsurprisingly, countries across Asia are urgently investing in various technologies, including battery energy storage systems (BESS), pumped hydroelectric energy storage (PHES) and Smart grids.
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Department of Energy's Energy Information Administration (EIA) forecasts 32. 5 GW ac of utility-scale solar capacity and just over 18 GW of energy storage will be deployed in 2025. The agency also said it expects 7.
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NVVN launched the tender for this project in February 2025 and concluded the bidding five months later, with Sunsure Energy winning half the capacity at ₹6. The procurement exercise has attracted 50 battery energy storage companies but only seven have emerged as winners.
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The Naval Facilities Engineering Command has awarded a contract to Granite Construction and Obayashi Corp. to build out battery energy storage system (BESS) capacity and microgrid capabilities at Polaris Point, Guam. The contract is worth approximately $97 million.
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