Is South Africa ready for energy storage?
The extent to which the South African market is ready for energy storage is considered in subsequent sections. The 2030 vision outlined in the National Development Plan (NDP) of 2011 set the objective to completely eliminate income poverty and reduce inequality in the country.
Why is energy storage important in South Africa?
This enables storage to absorb excess capacity on the system when supply exceeds demand. In South Africa’s constrained power system, energy storage can provide backup capacity that can be called on to reduce the extent of loadshedding. As noted earlier, energy storage offers accurate and swift / responsive dispatchability to the system.
Will energy storage grow in Africa?
In 2017, a report commissioned by IFC and ESMAP looked specifically at the trends and opportunities in emerging markets, including Africa. The report found that energy storage deployments in emerging markets worldwide are expected to grow by over 40% annually in the coming decade, resulting in approximately 80 GW of new storage capacity by 2025.
Can stationary energy storage solve South Africa's power system challenges?
While the potential of stationary energy storage to address the existing power system challenges, are high in South Africa, the current uptake of the technology is limited to customer-sited, behind-the-meter applications (largely for back up services).
What is the market for energy storage in South Asia?
The market for energy storage in the South Asia region is dominated by India. (See Chart 3.4). In India, several key factors are driving the market for energy storage, perhaps most notably the ambitious National Solar Mission.
What are the barriers to energy storage in South Africa?
The report noted the main barriers in the region to be lack of regulation supporting the energy storage market, access to affordable financing, political and economic stability, and underdeveloped or aging grid infrastructure. Of particular interest in South Africa is the volume of residential energy storage systems being imported.
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