Battery Energy Storage Assessment in Mongolia
Basic Information
Region: East Asia & Pacific
Approval Year: 2021
Grant Year: Year 9
Amount Approved by Donor: $200000.00
Main Product Line: Pipeline Lending
Sector: Energy
Grant Status: Active
TTLs: Barsha Pandey, Energy Specialist; Yanqin Song, Senior Energy Specialist
Grant Activities
Project Summary:
This grant aims to advance battery energy storage solutions to support Mongolia’s renewable energy expansion and help it to identify its BESS potential.
Mongolia’s power system faces significant challenges in its clean energy transition. This includes effectively supplying peak hour demand and ensuring grid flexibility to accommodate higher levels of variable renewable energy. While decarbonization in the power sector and electrification of energy demand are crucial, Mongolia’s coal consumption is projected to grow, making it essential to explore an effective strategy for the integration of renewable energy sources, energy storage systems, and electric mobility.
With foundational research, capacity building, and international partnerships in place, Mongolia is poised to scale up investments in clean energy.
List of Activities:
Key activities include:
- BESS Potential Assessment Report
- Knowledge Exchange Workshops
- Feasibility Study
- Capacity-building Workshops in Ulaanbaatar
- Attend KGID 2024 and share experiences and support received from KGGTF
Outcomes:
Key outcomes include:
- business model development benchmarking Korea and Australia’s cases,
- simulating milestone BESS requirements to host renewable energy, and
- the expansion plan in the Mongolian power system.
Collaboration with K-Partners and Others:
- National Institute of Green Technology (NIGT),
- KOTI (Korea Transport Institute),
- KEPCO, and
- others that provided technical guidance and policy insights