The Kingdom enters the top ten global rankings for battery energy storage with ambitious future capacity goals. Saudi Arabia is establishing itself as a significant player in the energy storage sector, now ranked among the top ten global markets for battery energy storage.
Under the National Renewable Energy Program, which is overseen by the Ministry of Energy, Saudi Arabia aims to develop a total storage capacity of 48 gigawatt-hours by 2030. To date, projects totaling 26 gigawatt-hours have been tendered and are currently in various phases of development.
The goals outlined in the Saudi Vision 2030 initiative are aligned with this ambitious energy production strategy. The Kingdom plans to operate 8 GWh of energy storage projects by 2025, expanding this to 22 GWh by 2026, which would place it as the third-largest global market for energy storage, following China and the United States.
The Bisha battery energy storage project, recently brought online, comprises 488 advanced battery containers, providing a total storage capacity of 500 MW for four-hour durations.
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Saudi Battery Storage Market is projected to hit $1.69B by 2030, growing at 35.9% CAGR. Saudi aims for 48 GWh storage capacity …
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