The MENA region – the next hot market for
The MENA region is starting to witness a drastic increase in large-scale battery energy storage systems (“BESS”) projects, accompanying a
Energy Storage System deployment in MENA Energy Storage Systems (ESS) play a critical role in the integration of VRE into the power grid, as these systems manage the intermittencies of renewable energy resources and mitigate potential power supply disruptions.
Although the energy storage market in MENA is bound to grow, several barriers exist that hinder the integration of ESS and the ramping up of investments. Financial, regulatory, and market barriers need to be addressed via policy tools that lay the foundations for an evolved power market to integrate the deployed ESS.
Electrochemical storage (batteries) will be the leading energy storage solution in MENA in the short to medium terms, led by sodium-sulfur (NaS) and lithium-ion (Li-Ion) batteries.
The current utility business model limits the prospects of energy storage expansion opportunities, unless driven by direct governmental support. Auctions in MENA have been a major driver for renewable energy deployment, most notably for solar and wind, but only a few have included energy storage.
Pumped hydro storage (PHS) has the largest share of installed capacity in MENA at 55%, as compared to a global share of 90%. Pumped hydro storage is one of the oldest energy storage technologies, which explains its dominance in the global ESS market.
An energy storage system is charged from the grid or by on-site generation to be used at a later time to take advantage of price diferentials. Energy storage is used instead of upgrading the transmission network infrastructure. The storage system provides the grid with the necessary output to ensure the voltage level on the network remains steady.
The MENA region is starting to witness a drastic increase in large-scale battery energy storage systems (“BESS”) projects, accompanying a
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It says there are 30 ESS projects planned in MENA between 2021 and 2025 with a total capacity/energy of 653 MW / 3,382 MWh. Of these, 24
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Saudi Arabia invests in energy storage infrastructure, with projects like ACWA Power''s 1.2 GWh system at the Red Sea Project and plans for a 600 GWh BESS in Neom.
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The pace of integration of energy storage systems in MENA is driven by three main factors: 1) the technical need associated with the accelerated deployment of renewables, 2)
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