Money and business

The operation of the Bisha project .. The Kingdom is among the 10 largest global markets in energy storage

The Kingdom of Saudi Arabia has achieved a prominent position among the 10 largest global markets in the field of energy storage in batteries, coinciding with the start of the Bisha project with a capacity of 2000 MW, which is one of the largest energy storage projects in the Middle East and Africa.
Through the National Renewable Energy Program, which is supervised by the Ministry of Energy, the Kingdom seeks to achieve a storage capacity of 48 GWh by 2030, and until now 26 GW has been presented an hour of storage projects, which are in different development stages.

Haddat National Energy Mix

These projects play a pivotal role in supporting the expansion of renewable energy, which enhances the achievement of the national energy mixtures, as the Kingdom aims to represent renewable energy 50% of the total electricity production by 2030.
According to the classification of the Wood McCaine Consulting Foundation, which specializes in the energy sector, the Kingdom is at the forefront of emerging markets that are rapidly growing in energy storage projects.
It is expected that the addition of new storage capacities during the next decade will contribute to strengthening its position among the 10 largest global markets in this field.
This growth comes to achieve the ambitious goals of the Kingdom’s 2030 vision, as storing energy is an essential component of support for the production of electricity from renewable sources, such as solar energy and wind energy.

The third largest market

The Kingdom aims to operate 8 GWh of Energy Storage Projects by 2025 and 22 GW by 2026, making it the third largest global market in energy storage projects, after both China and the United States, according to storage stings announced so far.
In this context, the Bisha power storage project was operated with batteries, which includes 488 advanced batteries with a storage capacity of 500 MW for 4 hours.
The project allows the possibility of charging batteries during the periods of low demand, and unloading them during peak times, ensuring the availability of backup energy when needed, enhances the elasticity of electrical supply management, and supports the employment of smart solutions to achieve the future of more sustainable energy.

Production and export of various types of energy

The energy sector in the Kingdom is witnessing a qualitative shift that enhances its leadership in producing and exporting various types of energy, and the total production capacities of renewable energy projects reached 44.1 GW until the end of 2024, distributed among the different production stages.
Energy storage improves the reliability of electricity supplies, which enhances the ability of the national network to adapt to emergency conditions, and supports the achievement of strategic goals for developing the energy sector in the Kingdom.

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