BESS project financing options in Singapore 2030

Who can apply for Bess funding in Singapore?

Only construction firms registered in Singapore under SSIC codes 41–43 (general construction and civil engineering codes) are directly eligible to apply for BESS funding under the EEG www1.bca.gov.sg . This means contractors and builders can tap the grant for battery units to power their site operations.

What is Sembcorp Bess project?

The 200MW/285MWh Sembcorp BESS project on Jurong Island, Singapore. Image: Sembcorp Singapore’s government and Energy Market Authority (EMA) have announced power sector and grid enhancements, including a possible expansion of Southeast Asia’s biggest battery storage plant.

How will Singapore's Bess project help reduce solar intermittency?

As a result of the project, Singapore has reached its BESS goal of over 200 MWh of energy storage capacity three years ahead of schedule. Singapore’s new BESS will help mitigate the solar intermittency caused by changing weather conditions in the region’s tropical climate.

What is Bess & how does it work in ASEAN?

Typical BESS components include battery modules, a storage enclosure with thermal management, a power conversion system (PCS), a battery management system (BMS) and an energy management system (EMS). A few other ASEAN countries are also starting to wake up to the advantages of BESS in their respective energy sectors. But, it’s a slow start.

What is a Bess project?

The goal was established as part of the Accelerating Energy Storage Access for Singapore (ACCESS) EMA initiative, which was used to hold the EOI request. It is the country's second grid-scale BESS project, the first being a Wartsila project with 2.4 MWh that was delivered and turned on in .

Which sectors are eligible for Bess funding?

Since BESS is supported mainly as an energy-saving solution for construction and industrial use, the most relevant sector is Construction. Only construction firms registered in Singapore under SSIC codes 41–43 (general construction and civil engineering codes) are directly eligible to apply for BESS funding under the EEG www1.bca.gov.sg .

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