SA weighs market opportunities as utility-scale battery storage prospects improve

Following the release of an energy storage technoeconomic study, ‘The South Africa Energy Storage Technology and Market Assessment’, advocating that South Africa requires market preparation to take advantage of growth opportunities in the stationary and mobility value chains of energy storage, research on and the application of such storage is actively being pursued. State-owned development finance institution Industrial Development Corporation (IDC) senior project development manager Bertie Strydom tells Engineering News that energy storage could unlock local opportunities in mining and beneficiation, research and development, commercial exploitation and industry development, as well as opportunities in the global market.