Jul 1, 2025 · Africa''s largest standalone battery energy storage system (BESS) project, the 153 MW/ 612 MWh Red Sands project in the Northern Cape, has reached financial close, having
Oct 23, 2024 · Scatec ASA has reached financial close for the Mogobe battery energy storage system (BESS) facility totaling 103 MW / 412 MWh and is now making final preparations to
South Korea''''s Hyosung Heavy Industries has started construction of a battery energy storage facility at Elandskop in South Africa''''s Kwazulu Natal region. Elandskop is the first phase of
Jun 30, 2025 · The 153MW/612MWh Red Sands BESS was one of the five successful project bids selected by the Department of Mineral Resources and Energy (DMRE) of South Africa in the
Nov 20, 2024 · Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has signed two project agreements and the commercial close of two projects appointed as preferred bidders
Jul 7, 2025 · Construction at the Red Sands battery energy storage system (Bess) plant in South Africa''s Northern Cape is imminent following financial close on 1 July. Once completed, the
Jul 30, 2025 · Eskom has extended the deadline for a tender for the design, engineering, supply, construction, erection, testing and commissioning of a battery energy storage system.
Described as Africa’s biggest standalone battery energy storage system (BESS) to reach commercial close, the Northern Cape project was constructed by the development finance bodies of the United Kingdom and Norwegian governments.
We applaud the South African government’s commitment and dedication to the renewable energy procurement programmes. Battery energy storage will continue to play an important role in the energy transition, and we will continue to be at the forefront across our core markets,” says Scatec CEO Terje Pilskog.
Mr Gjermund Sæther, the Norwegian Ambassador to South Africa confirmed: “The Red Sands battery storage project’s successful commercial close highlights the importance of international cooperation and public-private partnerships in tackling energy security and promoting a sustainable energy future.
Download the Press Release (PDF) Paris, December 15, 2023 – TotalEnergies and its partners are launching construction of a major hybrid renewables project in South Africa, comprising a 216 MW solar plant and a 500 MWh battery storage system to manage the intermittency of solar production.
South Africa’s Oasis projects will deliver 257 MW battery storage, enhancing grid stability and driving renewable energy innovation.
“Dispatchable energy and grid infrastructure are now more important than ever, in the pathway to unlock the sustainability of South Africa’s current and future energy system,” adds Alberto Gambacorta, GM and EVP Sub-Saharan Africa, Scatec.
The global industrial and commercial energy storage market is experiencing explosive growth, with demand increasing by over 250% in the past two years. Containerized energy storage solutions now account for approximately 45% of all new commercial and industrial storage deployments worldwide. North America leads with 42% market share, driven by corporate sustainability initiatives and tax incentives that reduce total project costs by 18-28%. Europe follows closely with 35% market share, where standardized industrial storage designs have cut installation timelines by 65% compared to traditional built-in-place systems. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing scale reducing system prices by 20% annually. Emerging markets in Africa and Latin America are adopting industrial storage solutions for peak shaving and backup power, with typical payback periods of 2-4 years. Major commercial projects now deploy clusters of 15+ systems creating storage networks with 80+MWh capacity at costs below $270/kWh for large-scale industrial applications.
Technological advancements are dramatically improving industrial energy storage performance while reducing costs. Next-generation battery management systems maintain optimal operating conditions with 45% less energy consumption, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $85/kWh to $40/kWh since 2023. Smart integration features now allow multiple industrial systems to operate as coordinated energy networks, increasing cost savings by 30% through peak shaving and demand charge management. Safety innovations including multi-stage fire suppression and thermal runaway prevention systems have reduced insurance premiums by 35% for industrial storage projects. New modular designs enable capacity expansion through simple system additions at just $200/kWh for incremental capacity. These innovations have improved ROI significantly, with commercial and industrial projects typically achieving payback in 3-5 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (1-2MWh) starting at $330,000 and large-scale systems (3-6MWh) from $600,000, with volume discounts available for enterprise orders.