Saudi Arabia''s demand for energy storage
Growing demand for distributed energy — In addition to large-scale projects, Saudi Arabia is encouraging rooftop solar and C&I solar
“This is very much seen as an integrated exercise for Saudi Arabia, which entails access to battery raw materials, including lithium,” Lazar says. Global consumption of lithium has grown tenfold since 2010, with demand slated to triple from current levels by 2040, according to the International Lithium Association.
The Saudi focus on lithium also spans the joint venture with European Lithium and the Obeikan Investment Group to refine rock mined in Austria at a new facility in the kingdom.
Saudi Arabia's all-in lithium strategy goes hand in hand with broader efforts to establish itself as a global critical mineral and rare earth hub worth trillions of dollars. It represents “massive work on an entirely new supply chain that needs to be serviced at all levels,” according to Hamzeh Al Gaaod, a Mena analyst with TS Lombard in London.
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