Saudi Arabia has launched a tender to award 4.5 GW of renewal energy capacity --- mainly wind and solar projects --- across the desert kingdom. The Saudi Power Procurement Company...
Abu Dhabi has issued a Request for Proposals for the development of 400 MW of battery energy storage systems (BESS) in the desert emirate to bidders who passed its earlier qualific...
Saudi green hydrogen developer ACWA Power has signed a memorandum of understanding with Tunisia to develop a multi-gigawatt green hydrogen project that will export output to Europe...
The business group, whose name was not disclosed for fear of U.S. and European Union sanctions, will deliver the project within two years and will guarantee 100 percent financing of the project through payment facilities in the form of quarterly installments over 10 years.
Of the 9,000 megawatts before the war, Syria currently generates about 2,300 due to the lack of fuel and spare parts needed for the maintenance of power plants as a result of the blockade and sanctions.
As the world embraces sustainable and low-carbon energy systems, the integration of renewable energy sources into power grids has become essential. Accompanying this transition is the development of battery storage technology.
The nature of renewable energy sources means that they are intermittent, which makes it challenging to ensure consistent and reliable power. By using rechargeable batteries to store electrical energy and other forms of flexibility, energy consistency in the grid is ensured when fluctuations in renewable energy sources occur.
This makes it possible to maintain a stable volume and high quality of electricity, allowing continuous operation, which is essential in meeting global commitments from a G20 perspective.
An excellent example of a battery storage project in Australia is the Hazelwood Battery Energy Storage System, which is one of the largest privately funded and owned utility-scale battery in the country with a capacity of 150 MW/150 MWh of flexible energy.
The battery is located at the site of the former Hazelwood Power Station in the Latrobe Valley and will play a critical role in increasing renewable energy capacity in Victoria, while delivering further grid stability for the state. The project was funded by ENGIE and Macquarie''s Green Investment Group (GIG) and will be built, operated, and maintained over a 20-year period by Fluence – a global market leader in energy storage products and services.
Investing in battery storage is crucial for a successful energy transition in the Middle East, as it enables the realisation of the full benefits of renewable energy. Governments, industries, and investors must recognise the pivotal role of this technology and take bold steps towards its development and implementation.
Battery storage presents a critical opportunity for the region to achieve its national renewable energy targets in the medium term, with the UAE aiming for net zero by 2050 and Saudi Arabia by 2060. Ensuring reliable and stable energy access is a top priority for governments in the Middle East, and batteries serve as enablers for energy consistency and reliability during the transition to intermittent renewables.
Battery storage also presents opportunities for companies and institutions with high energy demand to supply their needs in case of emergency, such as hospitals, and reduce energy usage and carbon emissions for high-emitting industries, such as manufacturing or construction. MENA countries must rapidly deploy Battery Energy Storage Systems (BESS) into their power grids if they are to meet their national renewable energy targets.
According to reports, there are 30 BESS projects planned in MENA between 2021 and 2025 with a total capacity/energy of 653 MW/3,382 MWh. The share of batteries out of MENA''s total energy storage landscape is expected to jump from 7 percent to 45 percent by 2025.
With the global solar energy and battery storage market size projected to reach $26.08 billion by 2030, growing at a CAGR of 16.15 percent from 2022 to 2030, batteries are a new and promising market, and the Middle East can leverage this opportunity to become a pioneer in the battery energy storage system market.
The region is already making moves in the new value chain, with Saudi Arabia planning to invest $905 million in a chemical complex to produce the elements needed to recharge lithium-ion batteries for electric vehicles and renewable energy storage.
The development of battery storage infrastructure is an innovative and sustainable way to ensure energy consistency and reliability, while contributing to the goal of the low-carbon economy.
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