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How significant is energy storage in MENA?

MENA countries currently have nearly 15% of the world’s installed energy storage capacity*. This capacity is significant as it will be essential for integrating variable renewable energy systems into the region’s power grids in a flexible and stable manner. (*Note: The passage does not directly answer the question with the term 'importance' or 'significance', but the context implies it.)

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 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.

What technologies are used for energy storage in MENA?

Some of the current technologies being used for energy storage in MENA include pumped hydro storage (PHS) and electrochemical energy storage – mainly sodium-sulfur and lithium-ion batteries.

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.

Will energy storage expand in MENA?

The current utility business model limits the prospects of energy storage expansion opportunities, unless driven by direct governmental support. Auctions in MENA have been a major driver for renewable energy deployment, most notably for solar and wind, but only a few have included energy storage.