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World Game Workshop | World Grid Project

Countries in Southeast Asia could save up to US$800 billion from their collective decarbonisation costs if they fully collaborate on building a regional power grid, including hydrogen pipelines, according to new research by energy expert and assurance provider DNV. The report, published on Tuesday, found that “unconstrained sharing of resources” between Asean countries through power grid interconnectors and hydrogen networks would lower the cost of decarbonisation by approximately 11 per cent compared to a scenario in which countries tried to fully decarbonise using only their own resources. A fully interconnected grid would require an additional 3.75 million kilometres of additional electrical infrastructure, but reduce the need for up to 600 gigawatts (GW) of installed solar capacity and 1.2 terawatt-hours (TWh) of electrical storage, said DNV. It would also lead to a 13 per cent reduction in the spatial footprint needed for Asean’s energy transition, their research found. So far, interconnectors in the region have been limited to bilateral power agreements in which energy often only flows in one direction, said the report. “Full multilateral, multidirectional power trade … could allow a better distribution of renewable resources across countries: increase access to, and the diversity of, renewable electricity; and reduce electricity prices across the region." #decarbonization #energytransition #southeastasia #interconnectors #crossborderelectricitytrade #multidirectionalpowertrade #regionalcooperation #regionalpowergrid #worldgrid #asean #worldgameworkshop

Asean could save up to US$800 billion on decarbonisation costs through fully interconnected grid, study shows

Asean could save up to US$800 billion on decarbonisation costs through fully interconnected grid, study shows

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