Gulf states tap cheap Chinese batteries to power renewable
While building a kilowatt-hour''s worth of battery energy storage in Europe or the US costs about $250, Rystad estimates in Saudi Arabia it is less than $200.
While building a kilowatt-hour's worth of battery energy storage in Europe or the US costs about $250, Rystad estimates in Saudi Arabia it is less than $200. Chinese battery maker BYD, whose electric vehicles are popular in the region, dominates the market in Saudi Arabia.
But for Saudi Arabia, cratering battery prices have been a boon. Rystad estimates the cost of installing battery energy storage is far lower than in Europe or the US, because Chinese suppliers charge less and workers are paid less.
Rystad estimates the cost of installing battery energy storage is far lower than in Europe or the US, because Chinese suppliers charge less and workers are paid less. While building a kilowatt-hour's worth of battery energy storage in Europe or the US costs about $250, Rystad estimates in Saudi Arabia it is less than $200.
The 2.6GWh project connected to Saudi's grid early this year. BYD has also signed a contract with the Saudi Electricity Company for a 12.5GWh energy storage project. Marek Kubik, director of energy storage at Saudi's Neom megaproject, estimates the Bisha project “could supply over 90,000 US homes for a whole day off one single charge”.
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