South Africa’s energy storage opportunity lies in the value chain

In a year when African economies are battling to stay on course due to a global pandemic, it has become urgent for South Africa to unlock the potential of sectors that can enable new industries for economic growth.

In order to meaningfully participate in the post Covid-19 economic recovery efforts that African countries will pursue in the coming years, a ripe opportunity exists in accelerating investment in the energy storage value chain.

Electricity’s share of how the world consumes energy has doubled from 10% to 20% between 1980 and today and is set to grow to 45% by 2050. And of course, a large share of this growing electricity demand will be met by renewable energy sources.

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