Saudi Arabia Among World's Top 10 Global Markets in Energy Storage
Saudi Arabia has achieved a leading position among the top ten global markets in the field of battery energy storage, coinciding with the launch of the Bisha Project, which has a capacity of 2000 MWh and is one of the largest energy storage projects in the Middle East and Africa.
Through the National Renewable Energy Program, overseen by the Ministry of Energy, the Kingdom aims to achieve a storage capacity of up to 48 gigawatt-hours by 2030. So far, 26 gigawatt-hours of storage projects have been tendered, and they are at various stages of development.
These projects play a pivotal role in supporting the expansion of renewable energy, thereby helping achieve the targets of the national energy mix. The Kingdom aims for 50% of total electricity production to be generated by renewables by 2030, reported the Saudi Press Agency on Friday.
According to the ranking by Wood Mackenzie consultancy, which specializes in the energy sector, Saudi Arabia is at the forefront of emerging markets that are experiencing rapid growth in energy storage projects, amid expectations of the new storage capacities to further strengthen the Kingdom's position among the top ten global markets in this field over the next decade.
This growth aligns with the goals of the Saudi Vision 2030, which seeks to expand electricity production from renewable sources such as solar and wind energy.
The Kingdom plans to operate 8 GWh of energy storage projects by 2025, and 22 GWh by 2026, positioning itself as the third largest global market in energy storage projects, following China and the United States, based on the storage capacities announced to date.
The recently operational Bisha battery energy storage project features 488 advanced battery containers with a storage capacity of 500 MW for a duration of four hours.
The project facilitates battery charging during low-demand periods and discharging during peak times, ensuring backup power availability when necessary, improving the flexibility of electricity supply management, and promoting smart solutions for a more sustainable energy future.
The Kingdom's energy sector is undergoing a significant transformation that strengthens its leading position in the production and export of diverse energy types. By the end of 2024, the total capacity of renewable energy projects, across all stages of development, had reached 44.1 GW.
Energy storage plays a crucial role in enhancing the reliability of electricity supply, thereby improving the National Grid's capacity to deal with emergency situations and achieving strategic objectives for the advancement of the energy sector in the Kingdom.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
10 hours ago
- Arab News
Saudi foreign minister discusses regional developments with US counterpart
RIYADH: Prince Faisal bin Farhan, the Kingdom's foreign minister, discussed the latest regional developments in a phone call on Monday with the US Secretary of State Marco Rubio. The minister focused on Saudi-American ties, the strategic partnership, and international issues, the Saudi Press Agency reported.
Leaders
11 hours ago
- Leaders
Investment Ministry Expands Global Engagement at MESIF London 2025
The Ministry of Investment strengthened its global footprint by serving as the official sponsor and active participant at the Middle East Sports Investment Forum (MESIF) in London 2025. This initiative is part of the ministry's broader mission to develop the investment landscape within the Kingdom's sports sector, aligning with the goals of Saudi Vision 2030. MESIF is a premier international platform that brings together leading figures from the global sports and investment communities. Moreover, the ministry's delegation played a central role in the forum, working closely with event organizers and international partners to advance shared objectives. Throughout the event, the ministry showcased progress on key strategic initiatives, including the Qiddiya Stadium and infrastructure developments in preparation for the 2034 FIFA World Cup. It also presented a range of high-potential investment opportunities spanning sports clubs, infrastructure, women's sports, sports tourism, and emerging sports technologies. The ministry's involvement underscores its commitment to attracting high-quality investments and fostering international collaborations in high-growth sectors—supporting the Kingdom's economic diversification and positioning Saudi Arabia as a global investment destination. Related Topics : A Top Concern for Voters Worldwide: Is Migration a Serious Problem? King Salman Congratulates Sri Lankan President on National Day Insulators Installed in Farasan Islands Reserve to Protect Birds Saudi FM Takes Part in GCC Ministerial Meeting in Kuwait Short link : Post Views: 5 Related Stories
Saudi Gazette
15 hours ago
- Saudi Gazette
Alesayi Motors inaugurates new Mitsubishi showroom in Dammam as part of expansion strategy
As part of its strategic expansion plans and in alignment with Saudi Vision 2030, Alesayi Motors, the official distributor of Mitsubishi Motors and FUSO in Saudi Arabia, has inaugurated its new state-of-the-art and fully integrated showroom in Dammam. This facility aims to deliver an exceptional customer experience, reflecting the company's ongoing commitment to innovation and excellence in the automotive industry. The opening aligns with Mitsubishi's global corporate identity, showcasing a sleek and interactive retail concept. The new showroom includes a dedicated space for Mitsubishi vehicles, designed to offer a comprehensive and immersive customer journey. Additionally, it features a standalone showroom for FUSO trucks, a key player in the Kingdom's commercial transport and retail logistics sectors. The FUSO space has been engineered to address local market demands through a wide range of smart, durable solutions tailored to the Saudi operating environment. The launch event was attended by senior executives, including the CEO and Managing Director of Alesayi Motors, who described the opening as 'a cornerstone of the company's long-term development and expansion roadmap.' He also highlighted the new facility's potential to redefine customer experience while embodying Mitsubishi's global vision of advanced, reliable mobility solutions tailored to local needs. The Dammam showroom is equipped with a cutting-edge maintenance center featuring the latest diagnostic and service technologies. It also includes a spacious spare parts warehouse, ensuring timely support and operational efficiency. In line with Alesayi's commitment to social responsibility, the new branch will also act as a community hub, hosting industry-related events, training programs, and workshops aimed at developing Saudi talent and supporting the national automotive ecosystem. This investment is a strong reaffirmation of Alesayi Motors' dedication to the goals of Vision 2030 and its role in boosting economic growth across the Eastern Province and the Kingdom at large.
