Notes from the work, written for people making the decision.
Short pieces on grid access, storage economics and the commercial structures behind utility-scale renewables in Asia-Pacific.
What connection queues really cost a development pipeline
Grid access is the binding constraint on most Asia-Pacific pipelines, yet it is usually sequenced after land and offtake. A short argument for treating the connection application as the first capital decision.
Sizing BESS for revenue you can actually bank
Merchant upside rarely survives credit review. Sizing power and energy against the contracted use case first, then testing the stack, produces an asset that finances.
The technical schedules decide the PPA, not the price
Availability definitions, curtailment treatment and performance testing carry more risk than the headline tariff. Where the negotiation should actually be spent.
Interfaces, not scopes, are what slip
On utility-scale delivery, schedule loss concentrates at the boundaries between EPC, grid works and the system operator. Managing them explicitly is cheaper than claiming them later.
Data exhibit
Battery price forecast: grid-connected BESS
Turnkey system price for four-hour, grid-connected battery storage, in USD per kWh. Actuals to 2025 are BloombergNEF survey averages; the forecast from 2026 is V3's own view, and it is the number we hold clients to when we test an investment case.
Fall in the global average turnkey price in 2025, the second consecutive year of steep decline. Deals signed on 2023 assumptions are now uncompetitive.
Spread between the cheapest and most expensive markets for the same four-hour system. Geography moves capex more than supplier selection does.
Our 2035 view for Asia-Pacific ex-China, per kWh. The curve flattens from about 2030 as equipment stops being the dominant cost and grid works and land take over.
Two cautions when this curve enters a model. Turnkey equipment price is not all-in project capex — installation, connection and owner's costs add roughly USD 50/kWh outside China and the United States. And a falling curve is not a reason to wait: connection queue position usually costs more than the equipment saving from a year's delay.
Research & reports
Market insight and technology reports, published on a fixed schedule.
Paid research drawn from the same work we do for clients. Quarterly issues track grid access, procurement and pricing across Asia-Pacific; annual editions take a position on where technologies and markets are heading. Buy a single edition or subscribe for the year.
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Asia-Pacific Battery Storage Outlook
Pipeline, procurement volumes, revenue stacks and policy direction across ten markets, with a view on where storage clears next.
Grid Connection Quarterly
Connection queues, approval timelines and curtailment signals by market, with what changed against the previous quarter.
Battery Technology Review
Chemistries and system architectures assessed on cost trajectory, performance evidence and bankability with lenders.
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