School song of lebanese energy storage enterprise

Which energy storage solutions will be the leading energy storage solution in MENA?

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.

Why are energy storage systems being integrated in MENA?

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) the technological advancements driving ESS cost competitiveness, and 3) the policy support and power markets evolution that incentivizes investments.

Which energy storage technology has the most installed capacity in MENA?

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.

Is ESS a viable technology in MENA?

With the lack of a long-duration grid-scale ESS to date, ESS is still viewed as an emerging technology in MENA and associated with high technology and financing risks by the private sector. Accordingly, ESS projects might require more equity spending as compared to conventional power and renewables projects for the short to medium term.

Will energy storage expand in MENA?

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.

What are energy storage systems (ESS)?

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.