Energy storage and the future of energy storage
Energy storage systems can capture excess energy when production is high and release it during peak demand periods. This
The crisis is affecting energy systems around the world, and presents North African countries with an imperative to re‑evaluate energy strategies and accelerate clean energy transitions in planning their economic recovery.
There are also opportunities for North Africa's important oil and gas sector to adapt and contribute to accelerating the region's clean energy transitions.
So far, most of the investments are concentrated in Morocco and Egypt. Contrary to the global trend in the period of 2013-2020 which shows private sector financing as the primary source of funding for renewables development, North Africa sees public finance play a far more important role.
However, many North African producers are still as dependent on hydrocarbon revenues today as they were several decades ago, and public finances are generally in worse shape than they were just five years ago, leaving these countries even less able to absorb the shock and invest in much-needed new low-carbon infrastructure.
PDF version includes complete article with source references.
Get technical specifications, application guides, and ROI analysis tools for containerized microgrid solutions, mobile energy storage containers, and portable power systems.
15 Industrialna Street, Włochy District
Warsaw, Poland 02-492
Sales & General: +48 22 824 4067
Technical Support: +48 607 809 270
Monday - Friday: 8:00 AM - 6:00 PM CET
Saturday: 8:00 AM - 2:00 PM CET