The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to energy storage systems mar Contact online >>
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to energy storage systems market will help companies and investors design strategic landscapes.
Pumped hydro was the largest segment with a revenue share of 90.3% in 2022. Horizon Databook has segmented the South Africa energy storage systems market based on pumped hydro, advanced covering the revenue growth of each sub-segment from 2018 to 2030.
Rising renewable energy generation in the country is one of the factors driving the market. The country is known for its oil fields and oil reserves. However, as these reserves cannot last forever, the authorities in this region are looking at sustainable and renewable energy storage resources such as the battery energy storage system, flywheel systems and others. Growing awareness about the benefits of renewable energy resources is the biggest driver of the market in the country.
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Information from BYD and EFT-Systems
The expansion of storage capacity is one of the most important levers in the implementation and acceleration of the energy transition. Energy experts agreed on this even before the current energy crisis. Ever-increasing energy prices, as well as supply bottlenecks and the fear of blackouts, have fueled interest in storage applications even more. Even in areas of application where decision-makers were previously reluctant, it is now clear how quickly the investments will pay off.
Christian Bausch
Battery storage expert BYD and EFT-Systems, official EU partner for BYD Battery-Box and C&I systems, summarise which application areas are currently particularly attractive and which storage functions offer important advantages. The specific examples come from the German market, but the trends also apply to many other regions.
Optimisation of self-consumption and energy independency
PV self-consumption optimisation is one of the most relevant and attractive fields of application for battery storage. "With the expected cost reductions, investing in a PV and battery storage system would be worthwhile for a large number of households as it would significantly increase the degree of self-consumption," confirms a recent BMWi report.
Consumers have recognised this, which has led to strong growth in the residential market. In the course of the energy crisis, the advantages are becoming even clearer: the investment costs are amortised faster and at the same time, there is a growing desire for independence from the energy market, for stable energy costs and a secure energy supply – or at least for backup in the event of outages. Additionally, in the current situation, electric vehicles are by far most profitable if you generate the electricity yourself and recharge the EV at home.
Businesses recognise the potential of commercial application
According to the Agency for Renewable Energies, only 13,2% of the installed system capacity from renewable energies was used for commercial operations in 2021. Even if commercial decision-makers have been rather cautious so far, interest has increased significantly in recent months, as more and more decision-makers recognise the high potential for savings and decarbonisation. In addition to self-consumption optimisation, commercial storage can be used to stabilise the power required from the grid and thus avoid peak loads, or to provide emergency power in the event of an outage.
Peak-shaving for price spikes
Peak shaving can also be economically interesting without high-load time windows. If the power price is above €100/kW, this option should always be considered. If there are sharp peak loads or load profiles that can be planned, the installation of a commercial storage system can help to reduce the high cost-pressure. Some companies have the option of coordinating and thus reducing the power requirement on the consumption side, for example by using an energy management system (EMS).
Load management and EV charging infrastructure
The performance of the energy network is limited. Due to the conversion of the energy system to renewable resources and towards a more electricity-based energy system, the demand is increasing. This results in costs and in some cases, it is not possible or sensible to adapt the power of the network to the ad-hoc demand. Especially infrastructure projects for EV and charging on company premises can massively increase the required connected load.
Hotels and car dealerships are often confronted with this problem. Customer and corporate expectations call for the rapid installation of charging stations. During the planning, it often turns out that the permissible connected load at the transformer station cannot be further increased. Load management for the charging infrastructure can then regulate the charging park in a targeted manner. To avoid times in which charging is not possible, a commercial storage system can help. This can be charged with low power over a long period of time and, if an e-vehicle needs to be charged, it can be supplied with high power.
High savings potential in agriculture applications
Problems caused in the agricultural sector are often forgotten when considering the current development of energy prices. Operating agricultural machinery and caring for livestock is energy intensive. A dairy cow needs to be warm and milked regularly in the mornings and evenings, causing peaks in the load profile during these times. A study by the HTW Berlin was able to show that there is great potential for savings in the agricultural sector in particular by operating a self-consumption storage system connected to a pv system.
Commercial battery box (BYD)
Essential storage features for commercial applications
A high degree of flexibility in use is expected from commercial storage systems even more than in the residential sector. The storage system is only one component in the energy system of the future and must be able to be flexibly adapted to it.
Peak shaving applications require rapid performance and high C rates.
According to the report, Scatec, a Norwegian renewable energy company, has unveiled the Kenhardt solar farm in the Northern Cape, boasting a capacity of 540 MW. This project, featuring 225 MW of battery storage and a total storage capacity of 1.1 GWh, ranks among the largest hybrid power initiatives worldwide. Spanning 879 hectares, or 10 kilometers from north to south, the site is adorned with one million solar panels and houses a battery facility comprising 456 units, each equivalent in size to a shipping container and weighing 30 tons.
In South Africa, there''s a pressing need to hasten the deployment of utility-scale storage projects.
According to recent research, South Africa''s energy market is sizable, with power demand reaching 211TWh in 2022, ranking 22nd globally, equivalent to 2.4% of China''s power demand. Despite this significant demand, the power supply structure in South Africa remains centralized, with Eskom, the largest single power provider, responsible for approximately 95% of the country''s power generation.
In line with the Integrated Resource Plan (IRP) of 2019, South Africa aims to achieve a renewable energy capacity of 46.3% by 2030, with wind and photovoltaic (PV) installations totaling 17.7GW and 8.3GW respectively. However, the reality falls short of these targets. TrendsForce analysts noted that the phase-out of coal units is encountering challenges, and the growth of PV installations has stalled.
South Africa''s Installations and Future Plans (DMRAE)
As a result, South Africa''s current energy mix diverges from the government''s outlined plan, emphasizing the urgency to accelerate the deployment of utility-scale storage projects. These projects serve as the primary short-term solution to alleviate the country''s energy challenges. Accelerating the deployment of utility-scale storage projects will not only stimulate demand for wind and solar power station projects but also realign the energy transformation trajectory as envisioned in the IRP-2019.
According to TrendForce, South Africa is poised to add 3.83GWh of installations in 2024, showcasing the country''s vibrant energy storage market.
About Pretoria energy storage investment trends
As the photovoltaic (PV) industry continues to evolve, advancements in Pretoria energy storage investment trends have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Pretoria energy storage investment trends for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Pretoria energy storage investment trends featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
