BYD Secures Historic Saudi Battery Storage Project
Deal News | Feb 24, 2025 | Zawya
Saudi Electricity Company (SEC) and China's BYD Energy Storage have entered a contract to develop the world’s largest grid-scale energy storage project in Saudi Arabia, featuring a 12.5 GWh capacity. This marks the progress into the third phase of SEC’s energy storage initiative. Though financial details were not disclosed, the strategic alignment supports Saudi Arabia's larger goal of reaching 48 GWh in battery storage by 2030. Earlier phases included projects with Sungrow and a consortium led by State Grid Corporation of China. The need for significant energy storage solutions comes as the Kingdom ramps up its capacity for renewable energy integration.
Sectors
- Energy Storage
- Renewable Energy
Geography
- Saudi Arabia – The project is located in Saudi Arabia and aligns with its energy storage and renewable energy goals.
- China – BYD Energy Storage, a Chinese company, plays a central role in the technical and supply aspects of the project.
Industry
- Energy Storage – The article discusses the development of a large-scale battery energy storage project, pushing forward energy capacity requirements and sustainability goals.
- Renewable Energy – In line with the Kingdom's vision, the emphasis on renewable energy storage solutions suggests a transition towards sustainable energy practices.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saudi Electricity Company (SEC) | Energy Storage Project Owner | Company | SEC is responsible for managing the energy storage project in Saudi Arabia. |
| BYD Energy Storage | Energy Storage Supplier | Company | A Chinese enterprise providing 12.5 GWh capacity for the project with advanced energy storage technologies. |
| State Grid Corporation of China (SGCC) | EPC Contractor | Company | Part of the consortium executing engineering, procurement, and construction for earlier phases. |
| Alfanar Projects | Local EPC Partner | Company | A Saudi firm working alongside SGCC on project execution. |
| Sungrow | Previous Supplier | Company | Provided 7.8 GWh of energy storage capacity in an earlier phase of SEC's initiative. |