ACWA Power has agreed to deploy wind energy and battery capacity to help power what is claimed will be the Middle East and Africa region’s ‘first battery gigafactory.’
Tier-1 battery manufacturer EVE Energy will be the first to mass-produce lithium iron phosphate (LFP) battery cells with more than 600Ah capacity for stationary applications.
IPP JCM Power and the US Trade and Development Agency (USTDA) are procuring a feasibility study for a project in Malawi combining a 50MW wind and 100MWh BESS.
A total of US$17.6 billion was invested in the energy storage industry across 83 announced deals in the first nine months of the year, according to comms and market intelligence firm Mercom.
World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.
While there is much more variety in the BESS supply landscape today, there are relatively few suppliers able to offer products for ‘grid-forming, enduring infrastructure assets’, developer and operator Dais Energy’s CEO said.
The government of South Africa has signed commercial close agreements for two large-scale BESS projects totalling 720MWh, allowing project backers Scatec and a consortium of CIP and EDF to proceed with construction.
Solutions provider nVent on the industry’s increasing demand for energy storage systems with smarter design and technology to deliver a smaller footprint.
