A Nigerian energy company is to be the recipient of the largest US government-financed battery storage system exported to Africa.
Despite these challenges, Nigeria holds significant potential for clean energy development. Solar energy, particularly in cities like Kano, Onitsha, and Lagos, presents an opportunity for
ESS Tech, a manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, has partnered with Sapele Power, a Nigerian integrated energy company specializing in power
Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040,
This is an increase of 1.1% per year on average from 2021, when it was 153.28 million tonnes. Since 1976, Nigerian energy supply has grown by an average of 0.5% each year.
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help
As investment in renewable energy generation continues to rise to match increasing demand so too does investment, and the opportunity to invest, in energy storage.
The increasing adoption of renewable energy sources like solar and wind power, coupled with the need to address energy security and reliability issues, will drive the demand for energy storage
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China, the sector continues to grow as developers
ACP announced a commitment on behalf of the US energy storage industry to invest US$100 billion in American-made grid batteries.
Doing Business In Nigeria According to the World Bank Group''s Doing Business 2020 Report, which measures ease of business in a specific country, Nigeria ranks 131 out of 190 countries,
Read the press release in PDF format here (in Italian) REDELFI UNVEILS BUSINESS PLAN 2022-2026. SIGNIFICANT GROWTH EXPECTED FROM BU "GREEN"
This article analyzes the economic consequences linked to energy conservation in Nigeria, aiming to offer insights into the diverse opportunities and constraints encountered by the nation.
About Exhibition Solar & Storage Live Nigeria 2026 will take place from 14th - 15th July 2026 at Landmark Centre in Lagos, Nigeria. This is the largest renewable energy exhibition in Nigeria
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a
In Nigeria, it will be supporting the Distributed Renewable Energy Enhancement Facility (DREEF), which seeks to provide project preparation and sponsor support to pathfinder DRE developers including interconnected mini-grid projects, mini
GridStor''s project will be built in Hidalgo County, Texas, and is expected to come online by the summer of 2026. At its height of construction, the project is expected to sustain over 100 jobs including skilled tradespersons
President Bola Tinubu has disclosed that the Nigeria-Grid Battery Energy Storage System will benefit from a planned $500 million facility from the African Development
Introduction Battery energy storage presents a USD 24 billion investment opportunity in the United States and Canada through 2025. More than half of US states have adopted renewable energy
Investment dollars are shifting from large-scale utilities for battery-based energy storage systems since Tesla provided a proof of concept for the commercialisation of electric cars and advanced battery technology.
The plans and policies adopted by MENA governments in response to the climate crisis include pledges to reduce emissions, increase investment in renewable energy generation, develop
The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS (battery energy storage system) with a storage
The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS
The TotalEnergies Limited says it will unveil its shallow water 70,000 barrels per day (bpd) Ima gas field project in Nigeria by 2026. The Country Chairman/Managing Director,
Nigeria Energy - The premier platform connecting Nigeria''s energy sector with global innovations, sustainable solutions, and investment opportunities. Explore renewable energy and power projects shaping West Africa''s energy future.
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m
Nigeria aims to increase its oil production by 1 million barrels per day by December 2026, driven by a crackdown on oil theft and increased investment in the sector.
The updated plan utilizes advanced modelling tools to simulate current and future energy systems through linear optimization, providing a clear understanding of investment needs and the
2025 is a pivotal year for the renewable energy sector, with a range of high-impact projects nearing final investment decision (FID). These ventures, spanning offshore wind, solar and onshore wind, are set to unlock
Nigeria aims to increase its electricity production capacity by 4,000 MW by 2026 to meet the growing demand of the industrial sector, in a context of reforms and partnerships with international players.
While Nigeria''''s energy outlook heavily relies on the availability of infrastructure, it is imperative to consider integrated options that can enhance long-term energy availability, such as advanced
The market is witnessing a surge in demand for battery energy storage systems (BESS) across various sectors including residential, commercial, and industrial. Key market players are introducing advanced technologies such as lithium-ion
India''s energy storage sector is set to attract US$ 56.07 billion in investments by 2032, with a five-fold growth expected between 2026 and 2032, driven by rising demand for
The Energy Storage business presents a significant export opportunity for Nigeria, considering the country''s natural resources such as lithium, cobalt, nickel, and
Systems that capture energy and store it for later use, either to supply power to an off-grid application or to complement a peak demand, are the emerging energy sector investment frontier, but Nigeria is staking a claim.
Investment dollars are shifting from large-scale utilities for battery-based energy storage systems since Tesla provided a proof of concept for the commercialisation of electric cars and advanced battery technology. Nigeria’s battery manufacturing market is ennobled by imports from China and India.
However, the use case for large-scale battery storage is glaringly obvious in Nigeria. From food preservation to local clinics, and rural electrification and small businesses, power storage systems should factor significantly in government’s policy plans.
Analysts at Data Bridge Market Research say the Nigeria battery market is growing with a compound annual growth rate (CAGR) of 6.3 percent in the forecast period of 2020 to 2027 and is expected to reach $119.65 million by 2027 mostly through increasing adoption at the household level.
The US strategy report identifies seven energy storage technologies to focus upon including Lithium-ion batteries, Lead-acid batteries, and pumped storage hydropower. Others are Compressed-air energy storage (CAES), Redox flow batteries (RFBs), Hydrogen (H2), and Building thermal energy storage (TES) – Ice.
