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Saudi Arabia Secures Record-Low Battery Storage at $73/kWh, Setting Global Benchmark
Saudi Arabia has one of the world’s lowest battery storage costs, with the Saudi Electricity Company (SEC) awarding contracts for two large-scale battery energy storage systems totalling 4.9 GWh. The projects, which cost between USD 73 and USD 75 per kilowatt-hour (kWh), represent a significant shift in global energy storage economics, particularly outside China. The contracts were granted to the Chinese manufacturer HiTHIUM and the Saudi EPC co…
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Saudi Arabia Secures Record-Low Battery Storage at $73/kWh, Setting Global Benchmark
Saudi Arabia has one of the world’s lowest battery storage costs, with the Saudi Electricity Company (SEC) awarding contracts for two large-scale battery energy storage systems totalling 4.9 GWh. The projects, which cost between USD 73 and USD 75 per kilowatt-hour (kWh), represent a significant shift in global energy storage economics, particularly outside China. The contracts were granted to the Chinese manufacturer HiTHIUM and the Saudi EPC co…
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