{"id":332155,"date":"2025-04-07T23:58:30","date_gmt":"2025-04-07T15:58:30","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332155"},"modified":"2025-04-07T23:58:36","modified_gmt":"2025-04-07T15:58:36","slug":"trade-the-news-acen-pushes-for-separate-battery-storage-auction","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-acen-pushes-for-separate-battery-storage-auction\/","title":{"rendered":"Trade the News: ACEN pushes for separate battery storage auction"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>ACEN Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>ACEN<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 4.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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ACEN Corp. (ACEN)is advocating for a competitive bidding for standalone battery storage projects as the Philippines gears up for the entry of more renewable power capacity into the grid.<\/p>\n\n\n\n

ACEN president and CEO Eric Francia said the government should consider holding an auction for battery storage capacity to support the development of variable renewable sources, particularly solar energy.<\/p>\n\n\n\n

Many grid-connected projects, said Francia, are not generating a full output due to constraints in the country\u2019s electrical superhighway.<\/p>\n\n\n\n

In the case of solar projects, power is generated only when the sun is shining, resulting in overproduction during the day and capacity shortfall at night.<\/p>\n\n\n\n

Francia said a government policy on standalone battery storage could be a game-changer, noting that the technology has the potential to mitigate grid constraints and production imbalances.<\/p>\n\n\n\n

\u201cIf you have a standalone battery near a substation that is limited in terms of transmission capacity because of excess solar generation, you can absorb it (power) during the day and then release it at night,\u201d he said.<\/p>\n\n\n\n

A battery energy storage system (BESS) facility stores excess electricity generated during low-demand periods and supplies it back to the grid during peak demand, ensuring the stability and reliability of the transmission network.<\/p>\n\n\n\n

For the fourth green energy auction round (GEA-4), however, the Department of Energy would only offer integrated renewable energy storage systems or IRESS \u2013 power projects with battery storage components.<\/p>\n\n\n\n

GEA-4, which marks the first auction round to integrate ESS, includes 3,940 megawatts of ground-mounted solar, 48 MW of roof-mounted solar, 3,000 MW of floating solar and 2,390 MW of onshore wind.<\/p>\n\n\n\n

Amid grid constraints, Francia expressed concern over these \u201chigh-capacity targets for pure solar.\u201d<\/p>\n\n\n\n

\u201cThe IRESS is a great technical format\u2026 but what do you do if there are already solar projects being built or operating on a standalone basis?\u201d he asked.<\/p>\n\n\n\n

\u201cIf there are six gigawatts (GW) being added to a grid that\u2019s already constrained, I won\u2019t be surprised if a good number of them are curtailed,\u201d the executive said.<\/p>\n\n\n\n

According to Francia, the ideal amount of storage capacity to complement each unit of solar capacity is around 30 to 40 percent.<\/p>\n\n\n\n

This means that for every GW of solar installations, at least 300 to 400 MW should be devoted to batteries.<\/p>\n\n\n\n

\u201cIn Australia, we\u2019re already building a standalone battery storage. That\u2019s not necessarily an IRESS, but (it\u2019s located) beside our solar plant or near substation, which have a lot of solar generation capacity,\u201d Francia said.<\/p>\n\n\n\n

He was referring to the 400-MW-hour New England BESS in New South Wales, the construction of which is now in full swing.<\/p>\n\n\n\n

Upon completion in 2026, the project is poised to become one of Australia\u2019s largest co-located solar and battery storage facilities providing stored energy to the grid.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

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This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332155","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332155"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332155\/revisions"}],"predecessor-version":[{"id":332157,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332155\/revisions\/332157"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}