Lebanese fiber optic energy storage principle company

How does CET help Lebanese connect?

CET helps Lebanese connect by arching over difficult terrain and burrowing deep into the ground, bridging access difficulties, opening new pathways, and easing transport of people and goods.

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.

Does Oman have a cost-reflective electricity Tarif?

Oman introduced a cost-reflective tarif in 2017 for large industrial, commercial, and public facilities. A major challenge to address in the pricing policy is restructuring the electricity tarif without afecting businesses and consumers.

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.