Money and business

Urgent: Saudi Arabia leads the Gulf states in energy storage batteries projects


A report said: Saudi Arabia and the UAE top the Gulf states in the implementation of energy storage batteries on a large scale, as the Gulf countries host some of the largest tenders of storage batteries Energy in the world." target ="_Blank"> Energy storage batteries have become extremely important in the process of transforming energy in the Middle East, as the gap between solar energy generation and abundant wind energy – but cut – and great demand. World." target ="_Blank": Emissions , according to the report, the Gulf Cooperation Council countries are working to accelerate their strategies to transform in the field of energy in line with their long -term goals aimed at reducing emissions, diversifying their economies and enhancing their energy capabilities. The increasing, and the continuous increase in investment activity shows a strong, increasing commitment to clean energy. While the Kingdom remains a major product for oil and gas, the sustainability has become an essential pillar of its long -term economic strategy. To the availability of wind, the region is a natural feature in the development of clean energy. The intermittent in the power generation mix also raises the challenges of the system. Usually the energy demand in the region is peak in the evening, when the production of solar energy decreases. In this context, there is a strong boost for energy storage batteries systems (Bess), not only as optional additions, but as empowerment factors for energy security and network flexibility in the low carbon system. the hour. With the increasing importance of renewable energy sources in the countries of the Gulf Cooperation Council, the storage has increasingly determined the way they are designed, funded and occupied by energy systems. The low costs of batteries contribute to enhancing investment in this field. To control. The batteries. With the production of clean energy at very competitive prices, which enhances the reliability of the network and the cost efficiency in the long run. These dynamics make energy storage batteries systems an economic investment for developers and governments alike. About 56% for the global average of $ 165 /kilowatts per hour, according to Bloomberg NEF estimates. Renewable energy is greater than the cost of traditional basic energy sources such as gas. The rapid decrease in costs has since led to a tangible improvement in competitiveness. And the cost of solar PV energy on its own decreased more sharply, from about $ 417 per megawatt hour in 2010 to less than 40 dollars per megabyte per hour today. More important storage as an engine to save electricity at a lower cost. For developers and policy makers alike, the rapid decrease in the batteries makes the essential element in energy planning in the long run. The main driver behind this is solar PV energy, with wind energy also entering markets like Saudi Arabia. The use of power storage batteries is increasing at the expense of oil -based power generation during peak hours. The peak of electrical load in Saudi Arabia reached 60 GW, and it is expected to rise to 100 GW by 2030.

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