Black & Veatch, a global leader in engineering, procurement and construction services, will be discussing a variety of strategies that the Asia Pacific region needs to adopt to accelerate its energy transition. The company plans to delve into potential energy assets and systems that could aid the region in its quest for decarbonization.
According to a news release dated May 8 announcing Black & Veatch's participation at Future Energy Asia, the company will highlight the necessary steps Asia Pacific must take to expedite its decarbonization efforts. Black & Veatch anticipates that renewable energy project sites will often be located in remote areas requiring grid connectivity. Furthermore, decommissioning and repurposing coal infrastructure for decarbonization purposes will be complex and necessitate equitable financing for local communities and businesses.
"Nevertheless, ample opportunities exist in the Asia Pacific to integrate a mix of different generation, transmission, and distribution technologies at the right price point and at the right time to achieve commercial and environmental success," said Narsingh Chaudhary, President of Asia Pacific and India at Black & Veatch. Chaudhary emphasized that Black & Veatch has been instrumental in building critical energy infrastructure over several decades and remains committed to supporting Asia Pacific's growing energy needs with low or no-carbon sources.
The organization is also considering liquefied natural gas (LNG) as an energy option. According to Black & Veatch, LNG can "support the shift from coal" and fuel economic growth in developing markets. Hydrogen could serve as seasonal energy storage linking utilities, commercial businesses, and industries with sustainability goals. Battery Energy Storage Systems (BESS) and pumped storage hydropower (PSH) could enhance energy security by "balancing sudden and significant drops in power production from variable renewable energy sources to improve grid reliability and stability."
Future Energy Asia (FEA), scheduled for May 15-17 at the Queen Sikrit National Convention Center in Bangkok, Thailand, is recognized as Asia's leading energy transition and transformation summit. FEA brings together Energy Ministers, global leaders, and decision makers to discuss technologies, trends and topics that will drive the region's energy transition mission.