Subscribe     Pay Now

Saudi Arabia Procurement News Notice - 90862


Procurement News Notice

PNN 90862
Work Detail BYD Energy Storage has signed a landmark agreement with Saudi Electricity Company for the development of energy storage projects with a total capacity of 12.5 GWh, marking the largest energy storage contracts in the world to date. Combined with the previously delivered 2.6 GWh project, the collaboration now amounts to 15.1 GWh of energy storage capacity, reinforcing their commitment to advancing Saudi Arabia’s renewable energy sector. The agreement is a significant step towards Saudi Arabia’s Vision 2030 goals, aiming to enhance the country’s energy infrastructure and accelerate the transition to renewables. The projects will be deployed across five sites, fully integrating with Saudi Arabia’s power transmission network to ensure grid stability, manage peak energy demand, and support the growing adoption of renewable energy sources. BYD Energy Storage has earned global recognition for its technological expertise, robust delivery capabilities, and comprehensive after-sales support, positioning itself as a leader in ultra-large-scale energy storage solutions. With 17 years of industry experience, the company has delivered more than 75 GWh of Battery Energy Storage System (BESS) equipment across 350 projects in 110 countries. This milestone highlights the increasing global reliance on electro-chemistry-based energy storage solutions and underscores Saudi Electricity Company’s commitment to adopting cutting-edge energy storage technologies. As Saudi Arabia aims to achieve a 50% renewable energy mix by 2030, this partnership is expected to play a crucial role in enhancing energy efficiency and securing a sustainable energy future. BYD Energy Storage has reaffirmed its commitment to expanding investment in research and development, improving product performance, and fostering global partnerships to drive the widespread adoption of energy storage technology. This collaboration is set to redefine the role of energy storage in the global energy transition, paving the way for a cleaner and more sustainable future.
Country Saudi Arabia , Asia
Industry Energy & Power
Entry Date 17 Feb 2025
Source https://solarquarter.com/2025/02/15/byd-energy-storage-secures-worlds-largest-energy-storage-contracts-with-saudi-electricity-company/

Tell us about your Product / Services,
We will Find Tenders for you