
Aramco achieves world-first by commissioning breakthrough renewable energy storage system for gas operations
Deployment paves way for further integration of renewable power to support emissions-reduction ambition
DHAHRAN, Saudi Arabia – Aramco, one of the world's leading integrated energy and chemicals companies, has achieved a world-first by successfully commissioning a megawatt (MW)-scale renewable energy storage system to power gas production activities. It is the first deployment globally of an Iron-Vanadium (Fe/V) flow battery as a backup solar power source for gas well operations.
Located in Wa'ad Al-Shamal, in western Saudi Arabia, the 1-MW/hour flow battery system is based on Aramco's patented technology and was developed in collaboration with Rongke Power (RKP), a global leader in flow batteries. It can support up to five wells over its projected 25-year lifespan, offers a robust alternative to existing solar energy solutions, and can handle variable power demands efficiently and cost-effectively. It is specifically engineered to withstand the hot climate of Saudi Arabia and achieve optimal performance under extreme weather conditions, setting it apart from other vanadium flow batteries on the market.
Ali A. Al-Meshari, Aramco Senior Vice President of Technology Oversight & Coordination, said: "The pioneering flow battery system spearheaded by Aramco's researchers represents a breakthrough for the oil and gas industry. Aramco already powers a large number of remote gas wells with solar panels connected to lead-acid battery systems, but our ground-breaking flow battery technology offers a flexible solution for diverse renewable energy storage requirements, making it an attractive option for a variety of industrial applications. This is just one example of how Aramco is developing and deploying advanced technologies with the aim of enhancing energy efficiency and reducing emissions across its operations.'
Flow batteries store energy in liquid electrolytes separately from battery cells, and electrolytes pumped into the cell convert chemical energy into electricity. In addition to providing energy independence, flow batteries can be repeatedly discharged and recharged with minimal capacity loss. They also reduce fire risks compared to other types of batteries, while their modular design makes them easier and less costly to maintain.
The new (Fe/V) flow battery commissioned by Aramco aligns with the company's focus on renewables investment and energy efficiency, as part of its ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050. It offers enhanced electrolyte utilization and reduced vanadium consumption compared to others available, and has a broad operating temperature range of -8°C to 60°C without the need for thermal management systems. It paves the way for further integration of the technology at isolated and unmanned oil and gas sites, providing an efficient power solution that can adapt to fluctuating demands without incurring additional expenses.
Aramco Contact Information
Media Relations: media.inquiries@aramco.com
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About Aramco
As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world. https://www.aramco.com
Disclaimer
The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as 'target,' 'believe,' 'expect,' 'aim,' 'intend,' 'goal,' 'may,' 'anticipate,' 'estimate,' 'plan,' 'project,' 'can have,' 'likely,' 'should,' 'could,' and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco's ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco's growth; the management of the Company's subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco's exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company's latest periodic reports filed with the Saudi Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company's latest periodic reports filed with the Saudi Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements.
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