A techno-economic study on the South African Energy Storage market, commissioned by the Industrial Development Corporation of South Africa Limited (IDC), a state-owned development finance institution, and sponsored by the United States Trade and Development Agency (USTDA)
The Industrial Development Corporation of South Africa Limited (IDC), a state-owned development finance institution, wished to evaluate the potential of energy storage technologies to increase access to reliable, affordable electricity in South Africa, encouraging policies to support the adoption of energy storage technologies, and exploring opportunities to invest in energy storage projects.
IDC lead a steering committee – which also includes the South African Photovoltaic Industry Association (SAPVIA), the South African Wind Energy Association (SAWEA), the South African National Energy Development Institute (SANEDI), Council for Scientific and Industrial Research (CSIR), Eskom Research, Independent Power Producer (IPP) Office, Energy Intensive Users Group (EIUG), South Africa Department of Science and Technology (DST), and South Africa Department of Trade and Industry (dti) – to help guide and promote the adoption of energy storage technologies in South Africa.
The steering committee is working closely with the South African Department of Energy (SA DoE), Eskom (South Africa’s national electricity utility), the National Energy Regulator of South Africa (NERSA), as well as other key stakeholders.
This report, sponsored by the United States Trade and Development Agency (USTDA) for the IDC and the Steering Committee, was prepared by PARSONS, in association with Energy & Environmental Economics Inc., Smart Energy Systems, GIBB (Pty) Ltd and Stellenbosch University Centre for Renewable and Sustainable Energy Studies.
The report documents the completion and results of the South Africa Energy Storage Technology and Market Assessment, and consists of a compilation of the documents and deliverables submitted during the conduct of seven major objectives.
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