Scatec wins battery storage project in South Africa
Scatec will receive payments under a 15-year agreement for making the storage capacity available for the National Transmission Company of South Africa (NTCSA) which will utilise the capacity to balance the grid.
The estimated total capex for the battery energy storage project is ZAR 2.2 billion (USD 120 million) of which Scatec's EPC contracts account for approximately 80%. The project will be financed by 90% non-recourse project debt and the remaining by equity from the owners.
'Today's award reaffirms our standing as a leading renewable energy player in South Africa. We applaud the South African government's commitment and dedication to the renewable energy procurement programmes. Battery energy storage will continue to play an important role in the energy transition, and we will continue to be at the forefront across our core markets,' says Scatec CEO Terje Pilskog.
Building on the experience garnered from the hybrid solar and battery storage projects at Kenhardt, and the ongoing construction of Mogobe BESS, Scatec continues to actively support battery integration to stabilise the national grid.
'Dispatchable energy and grid infrastructure are now more important than ever, in the pathway to unlock the sustainability of South Africa's current and future energy system,' adds Alberto Gambacorta, GM and EVP Sub-Saharan Africa, Scatec.
Scatec will own 50.01% of the equity in the project with Stanlib's Greenstreet and Redstreet Funds owning 44.99% and a Community Trust holding 5%. Scatec will provide engineering, procurement, and construction (EPC), operations & maintenance (O&M), and asset management (AM) services to the project.
According to the Department of Mineral Resources and Energy, commercial close is expected to be concluded by the end of Q1 2026. The project will be located in the Free State Province.
For further information, please contact:For analysts and investors:Andreas Austrell, VP IRandreas.austrell@scatec.com+47 974 38 686
For media:Meera Bhatia, SVP External Affairs & Communicationsmeera.bhatia@scatec.com+47 468 44 959
About Scatec Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 6.2 GW in operation and under construction across five continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of 'Improving our Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SCATC'. To learn more, visit www.scatec.com or connect with us on LinkedIn.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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By GlobeNewswire Published on August 12, 2025, 22:12 IST NEW YORK, USA, Aug. 12, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'Precipitated Calcium Carbonate Market By Production Process (Carbonation Process, Hydrochloric Acid Method, Others), By Form (Powder, Slurry, Granule, and Others), By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade, Cosmetic Grade), By Application (Paper, Plastics, Paints & Coatings, Personal Care, Food & Beverages, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' in its research database. 'According to the latest research study, the global precipitated calcium carbonate market size was valued at around USD 2.17 billion in 2024. The market is expected to grow at a CAGR of 4.70% and is anticipated to reach a value of USD 3.13 billion by 2034.' Get a Free Sample PDF of this Research Report for more Insights – (A free sample of this report is available upon request; please get in touch with us for more information.) Precipitated Calcium Carbonate Market Overview: Precipitated Calcium Carbonate (PCC) is a synthetic form of calcium carbonate produced through a chemical process that involves carbonating lime slurry with carbon dioxide. Unlike ground calcium carbonate (GCC), PCC offers higher purity, controlled particle size, and better brightness, making it ideal for specialized applications. It is widely used in industries such as paper, plastics, paints & coatings, adhesives & sealants, pharmaceuticals, and food & beverages. The global PCC market is driven by increasing demand from the paper industry, where it serves as a filler and coating agent to improve brightness and opacity. The plastics and rubber industries also contribute significantly, as PCC enhances mechanical properties and reduces costs. Additionally, the growing pharmaceutical and food sectors utilize PCC as an antacid, dietary supplement, and food additive. The market is evolving alongside major trends in sustainability. PCC production can make use of captured carbon dioxide, supporting circular economy goals. Right now, Asia-Pacific leads the way, fueled by rapid industrial growth in China and India. Meanwhile, North America and Europe are carving out niches for PCC in high-value areas like pharmaceuticals and specialty chemicals. Report Scope: Report Attribute Report Details Market Size in 2024 USD 2.17 Billion Market Forecast in 2034 USD 3.13 Billion Growth Rate CAGR of 4.70% Base Year 2024 Forecast Years 2025- 2034 Key Companies Covered Imerys, Omya AG, Minerals Technologies Inc., Mississippi Lime Company, GLC Minerals, Sibelco, Carmeuse, Nordkalk Corporation, Maruo Calcium Co., Ltd., Fimatec Ltd., Calchem, Cales de Llierca, Saicalnates, Gulshan Polyols Ltd., Chememan Co,. Ltd., and others. Segments Covered By Production Process, By Form, By Grade, By Application, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the precipitated calcium carbonate market share is likely to grow at a CAGR of around 4.70% between 2025 and 2034. between 2025 and 2034. The precipitated calcium carbonate market size was worth around $ 2.17 billion in 2024 and is estimated to hit approximately $ 3.13 billion by 2034 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. and is estimated to hit approximately . Due to a variety of driving factors, the market is predicted to rise at a significant rate. Based on the production process, the carbonation process segment is growing at a high rate and is projected to dominate the global market. On the basis of form, the powder segment is projected to swipe the largest market share. In terms of grade, industrial grade is likely to grow at a significant rate over the forecast period. Based on the application, the paper segment is expected to lead the market compared to the plastics segment. On the basis of region, the Asia Pacific is expected to dominate the global market during the forecast period. Precipitated Calcium Carbonate Market: Growth Drivers The Precipitated Calcium Carbonate (PCC) market is experiencing significant growth, driven by several key factors. One of the primary growth drivers is the increasing demand from the paper industry, where PCC is widely used as a filler and coating material to improve brightness, opacity, and printability. The expansion of the plastics industry also fuels demand, as PCC enhances mechanical properties and reduces costs in PVC, polypropylene, and other polymers. Additionally, the construction sector contributes to market growth, with PCC being used in sealants, adhesives, and cement for improved durability and workability. Environmental regulations promoting sustainable and eco-friendly materials further boost PCC adoption, as it is a non-toxic and energy-efficient alternative to synthetic fillers. Moreover, technological advancements in production processes are enabling cost-effective, high-quality PCC, expanding its applications in pharmaceuticals, food, and rubber industries. These factors, combined with rising industrialization in emerging economies, are expected to propel the PCC market forward in the coming years. Browse the full 'Precipitated Calcium Carbonate Market By Production Process (Carbonation Process, Hydrochloric Acid Method, Others), By Form (Powder, Slurry, Granule, and Others), By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade, Cosmetic Grade), By Application (Paper, Plastics, Paints & Coatings, Personal Care, Food & Beverages, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' Report at Precipitated Calcium Carbonate Market: Segmentation The global precipitated calcium carbonate market is segmented based on production process, form, grade, application, and region. Based on the production process, the global precipitated calcium carbonate industry is divided into the carbonation process, the hydrochloric acid method, and others. The carbonation process leads the market due to its scalability, cost-effectiveness, and ability to produce fine, high-purity PCC particles. Meanwhile, the hydrochloric acid method is gaining traction, particularly in industries that demand ultra-high purity, such as food and pharmaceuticals, where even stricter quality standards apply. Based on form, the global market is segmented into powder, slurry, granule, and others. The powder PCC segment dominates the market because it's easy to transport, store, and use across various industries. Meanwhile, slurry PCC holds a strong second place, favored for its smooth integration into wet processes and superior dispersion properties. Based on grade, the global precipitated calcium carbonate market is segmented into industrial grade, pharmaceutical grade, food grade, and cosmetic grade. Industrial grade PCC leads the market, due to its widespread use in large-scale industries like construction, paper production, plastics, paints, and rubber. On the other hand, pharmaceutical-grade PCC holds a significant share as well, driven by its essential role in medicines, antacids, and dental products. Based on application, the global market is segmented into paper, plastics, paints & coatings, personal care, food & beverages, and others. The paper industry is the top user of precipitated calcium carbonate, relying on it as a coating and filler to boost smoothness, brightness, and print quality. Meanwhile, plastics also claim a major share, as PCC acts as an affordable filler that strengthens materials, improves finish, and resists heat. Why does Asia Pacific outperform other regions in the global precipitated calcium carbonate market? The Asia Pacific region continues to lead the global precipitated calcium carbonate (PCC) market, thanks to booming paper and packaging industries, rapid industrialization, and easy access to cost-effective raw materials. As the world's paper production hub, with China alone producing over 110 million metric tons in 2024, the region relies heavily on PCC as a key filler and coating agent to enhance paper quality. Surging construction activity, particularly in India (where the sector is projected to reach $1.4 trillion by 2025), is fueling demand for PCC in paints, coatings, and building materials. Add rapid urbanization and infrastructure development to the mix, and the region's appetite for PCC shows no signs of slowing down. Abundant limestone reserves in countries like China, India, and Vietnam keep production costs low, giving local manufacturers an edge in both domestic and export markets. Request For Customization on This Report as Per Your Requirements – (We tailor your report to meet your specific requirements. Inquire with our sales team about customising your report.) Precipitated Calcium Carbonate Market: Competitive Landscape The report contains qualitative and quantitative research on the global precipitated calcium carbonate market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global precipitated calcium carbonate market include; Imerys Omya AG Minerals Technologies Inc. Mississippi Lime Company GLC Minerals Sibelco Carmeuse Nordkalk Corporation Maruo Calcium Co., Ltd. Fimatec Ltd. Calchem Cales de Llierca Saicalnates Gulshan Polyols Ltd. Chememan Co. Ltd. The global precipitated calcium carbonate market is segmented as follows: By Production Process Carbonation Process Hydrochloric Acid Method Others By Form Powder Slurry Granule Others By Grade Industrial Grade Pharmaceutical Grade Food Grade Cosmetic Grade By Application Paper Plastics Paints & Coatings Personal Care Food & Beverages Others By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global Precipitated Calcium Carbonate Market @ Key Questions Answered in This Report: What is precipitated calcium carbonate? Which key factors will influence the precipitated calcium carbonate market growth over 2025-2034? What will be the value of the precipitated calcium carbonate market during 2025-2034? What will be the CAGR value of the precipitated calcium carbonate market during 2025-2034? Which region will contribute notably towards the precipitated calcium carbonate market value? Which are the major players leveraging the precipitated calcium carbonate market growth? What can be expected from the global precipitated calcium carbonate market report? 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Segments Covered By Product, By Core Material, By Raw Material, By Application, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the vacuum insulation panel market share is likely to grow at a CAGR of around 4.30% between 2025 and 2034. between 2025 and 2034. The vacuum insulation panel market size was worth around $ 8.60 billion in 2024 and is estimated to hit approximately $ 12.05 billion by 2034 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. and is estimated to hit approximately . Due to a variety of driving factors, the market is predicted to rise at a significant rate. Based on the product, the flat segment is growing at a high rate and is projected to dominate the global market. On the basis of core material, the silica segment is projected to swipe the largest market share. In terms of raw material, plastics are likely to grow at a significant rate over the forecast period. Based on application, the cooling & freezing devices segment is expected to lead the market compared to the construction segment. On the basis of region, the Asia Pacific is expected to dominate the global market during the forecast period. Vacuum Insulation Panel Market: Growth Drivers The Vacuum Insulation Panel (VIP) market is witnessing robust growth, driven by increasing demand for energy-efficient solutions across industries. A key factor is the stringent energy efficiency regulations in construction, where VIPs are widely used for their superior thermal insulation properties, reducing heating and cooling costs in buildings. The growth of the cold chain logistics sector, particularly in food and pharmaceuticals, further boosts demand, as VIPs help maintain stable temperatures with minimal thickness. Additionally, the rising adoption of electric vehicles (EVs) supports market expansion, as VIPs enhance battery thermal management and cabin insulation. Sustainability trends also play a crucial role, as VIPs offer a lightweight, space-saving alternative to traditional insulation materials, reducing carbon footprints. Technological advancements in core materials and barrier films are improving VIP performance and durability, broadening their applications in aerospace, appliances, and industrial insulation. With urbanization and infrastructure development accelerating in emerging economies, the VIP market is poised for sustained growth. Browse the full 'Vacuum Insulation Panel Market By Product (Flat, Special Shape), By Core Material (Silica, Fiberglass, and Others), By Raw Material (Plastics, Metals), By Application (Construction, Cooling & Freezing Devices, Logistics, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' Report at Vacuum Insulation Panel Market: Segmentation The global vacuum insulation panel market is segmented based on product, core material, raw material, application, and region. Based on the product, the global vacuum insulation panel industry is divided into flat and special shapes. The flat panels segment dominates the global market, driven by their universal application in refrigeration, appliances, and construction. Their standardized dimensions make them ideal for mass production and hassle-free installation across industries. Meanwhile, the special shape panels segment is gaining notable traction as demand grows for customized solutions. This niche but expanding market caters to specialized applications where off-the-shelf flat panels won't suffice. Based on core material, the global market is segmented into silica, fiberglass, and others. Silica vacuum insulation panels (VIPs) dominate the market, offering unbeatable thermal insulation, exceptionally low conductivity, and extended durability. These high-performance characteristics make them ideal for demanding applications in construction and premium appliances where energy efficiency is critical. Meanwhile, fiberglass VIPs maintain a significant market presence, valued for their affordability and structural resilience. While they may not match silica's insulation performance, their balance of cost and mechanical strength keeps them competitive for budget-conscious applications. Based on raw material, the global vacuum insulation panel market is segmented into plastics and metals. The plastics segment commands the largest market share, driven by their widespread adoption in protective layers and VIP barrier films. Their winning combination of flexibility, lightweight properties, and cost-effectiveness makes them the go-to choice for manufacturers across industries. While metals hold a smaller but still significant share, they remain indispensable for applications demanding maximum protection. Their exceptional moisture and gas barrier properties ensure they maintain a strong position in premium and specialized VIP applications where absolute protection is paramount. Based on application, the global market is segmented into construction, cooling & freezing devices, logistics, and others. The cooling and freezing segment dominates the market, fueled by surging demand for compact, energy-saving insulation solutions in both commercial refrigeration and household appliances. As efficiency standards tighten globally, manufacturers increasingly prioritize VIP solutions that maximize performance while minimizing space requirements. On the other hand, the construction segment claims a strong second position, with growth accelerating due to the rapid adoption of green building standards worldwide. Urban development projects demand high-performance thermal insulation. Why does Asia Pacific outperform other regions in the global vacuum insulation panel market? The Asia Pacific region is set to remain the leader in the global vacuum insulation panel (VIP) market, due to several key factors. The region is undergoing rapid urbanization and infrastructure expansion, particularly in countries like China, India, and Southeast Asia. This growth, especially in the construction sector, is a major driver. A report from Oxford Economics projects that the Asia Pacific will account for over half of all global construction activity by 2030, fueling the demand for efficient, space-saving insulation solutions like VIPs in both commercial and residential buildings. Beyond construction, the region's strong position in the production and consumption of refrigeration appliances is another key factor. China, for instance, manufactures more than 40% of the world's refrigerators, and a significant portion of these appliances use VIPs to improve energy efficiency. The rising incomes and growing middle class across the region are also boosting appliance ownership, which further accelerates market growth. Furthermore, the expansion of the cold chain logistics sector in Asia Pacific is creating a substantial demand for VIPs. The food and pharmaceutical industries are booming, and reliable cold chain solutions are essential for their growth. According to the IMARC Group, the region's cold chain logistics market is expected to reach USD 366 billion by 2027. VIPs are crucial for maintaining thermal stability during transportation, from long-distance hauls to last-mile delivery, making them an indispensable component of this burgeoning industry. Request For Customization on This Report as Per Your Requirements – (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) Vacuum Insulation Panel Market: Competitive Landscape The report contains qualitative and quantitative research on the global vacuum insulation panel market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global vacuum insulation panel market include; Panasonic Corporation LG Hausys ThermoCor Va-Q-tec AG Etex Group OCI Company Ltd. Porextherm Dämmstoffe GmbH Microtherm (Promat) Kingspan Group Knauf Insulation Neo Thermal Insulation The Dow Chemical Company ThermoShield LLC Hitachi Chemical Co. Ltd. Turna The global vacuum insulation panel market is segmented as follows: By Product By Core Material By Raw Material By Application Construction Cooling & Freezing Devices Logistics Others By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global vacuum insulation panel Market @ Key Questions Answered in This Report: What is vacuum insulation panel? Which key factors will influence vacuum insulation panel market growth over 2025-2034? What will be the value of the vacuum insulation panel market during 2025-2034? What will be the CAGR value of the vacuum insulation panel market during 2025-2034? Which region will contribute notably towards the vacuum insulation panel market value? Which are the major players leveraging the vacuum insulation panel market growth? What can be expected from the global vacuum insulation panel market report? 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