Saudi Arabia’s upsurge in acquiring China’s battery energy storage systems caught the interest of the Financial Times, attributing the increase to China’s systems being better suited to the Kingdom’s conditions. They also exhibit enhanced quality and cheaper prices for battery cells, which fell to USD 50 per kWh in 2024.

The salmon-colored paper highlighted the Kingdom’s growing need for battery storage systems to complement its renewable energy plans. The Kingdom aims to have the fifth-largest utility-scale battery storage capacity worldwide, with 11 GWh expected to be added this year, up from zero earlier in 2024, according to Energy research and intelligence firm Rystand Energy.

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