LAOS ENERGY STORAGE INDUSTRY POWERING THE
Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated
As of 2018, most of primary energy comes from coal (60.7%), followed by hydropower 30% and oil 18%. Hydropower is a significant resource in Laos, with 22.5 TWh electricity generated in 2018. However, the national electrification rate was 94.2% in 2017.
The base will incorporate wind, solar, hydro and energy storage capabilities, and will feed into an existing power line that transfers power generated in Laos to China's Yunnan province, and a second planned 500kV power line between the two.
Power exports to China have formed a key part of landlocked Laos' development strategy, with China Southern Power Grid Co taking a majority stake in the Laotian national power grid in 2020 to help develop the sector. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Laos, a member of China's ambitious Belt and Road Initiative, has already hosted significant infrastructure investment from China, including a recently-opened high speed railway line between the two countries.
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