Discussion board organized by Gulf Cooperation Council Interconnection Authority & EPRI to assemble high-level delegates, together with heads of GCC utility corporations
Dubai, UAE, 22 Might 2023: Dubai is all set to host the return of the premier Vitality Storage Discussion board this 12 months organized in anticipation of the twenty eighth assembly of the Convention of the Events (COP28) in November. Set to happen from Might 23 to Might 25, 2023 on the Sofitel Lodge in Jumeirah Seashore Residence, the Vitality Storage Discussion board’s 2023 version will likely be a vital milestone in driving ahead the agenda on a resilient international power storage infrastructure.
Below the theme “Driving Vitality Transition Pathways In direction of COP28,” the discussion board has been collectively organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) and the unbiased non-profit power analysis and improvement group EPRI.
It can happen because the world continues to endure a big transition in direction of a decarbonized future and amid the upbeat outlook on the Center East and Africa’s (MEA) battery power storage system market. In accordance with a report launched by Mordor Intelligence, the MEA’s market will witness a compound annual development price of greater than 5.2% throughout 2023-2028.
To deal with the challenges and alternatives that may come up on account of the world’s shift to a decarbonized world, the high-level worldwide occasion will deliver below one roof high-ranking contingents from completely different elements of the Center East and the world. The members will embody energy system operators, power storage builders, researchers, service suppliers, and plenty of extra.
Delegates from GCC utility corporations will likely be a part of the high-profile attendees. Throughout the occasion, they’ll discover the standing of power storage expertise and the way it can assist the transition of the ability sector to realize sustainability and decarbonization within the area.
Eng. Ahmed Al Ebrahim, CEO, GCCIA, mentioned: “The Vitality Storage Discussion board will present a singular alternative for the worldwide members to debate developments, insurance policies, applied sciences, and improvements regarding renewable sources, similar to photo voltaic and clear power, and related industries. We are going to spotlight a spread of related and urgent points that may impression the GCC essentially the most to assist make the area on the forefront of constructing a decarbonized financial system. From power transition insurance policies to hydrogen and power storage, we’ve got made certain to cowl the basics consistent with the more and more formidable decarbonization targets throughout the GCC and the globe.”
“We’re assured that the discussion board will function a catalyst for accelerating the adoption of power storage options, paving the best way for a resilient and decarbonized world. It’s becoming that the occasion will likely be staged within the UAE, house to a few of the main power storage tasks, because the nation continues to step up its sustainable improvement efforts in line with the smart management’s imaginative and prescient and directives,” Eng. Al Ebrahim added.
“As representatives from almost 200 nations collect in Dubai later this 12 months at COP28 to debate progress in direction of clear power targets, power storage will play an growing function as a part of an reasonably priced, dependable clear power future,” mentioned EPRI President and CEO Arshad Mansoor. “The Vitality Storage Discussion board is being held on the proper place and proper time, gathering specialists from the MENA area and past to debate present and rising alternatives within the international power panorama. We stay up for collaborating with GCCIA on such an vital and well timed occasion.”
Traditionally, pumped storage hydro has been essentially the most prevalent type of power storage. Whereas it stays vital, new types of power storage, significantly lithium-ion batteries, have dramatically improved price and efficiency, thus opening many new, site-specific alternatives for power storage. With regular improvements, the battery storage for stationary energy methods is anticipated to extend from an annual deployment price of 5.5 gigawatts in 2020 to 26.2 gigawatts in 2025.
Amid the elevated adoption and development of the lithium-ion battery storage applied sciences, new power storage applied sciences proceed to emerge pushed by the demand for enhanced security, lengthy life, in addition to plentiful and environmentally accountable provide chains.
The three-day discussion board will sort out these matters and extra throughout its insightful and interactive panel discussions and technical workshops on the basics driving the power transition and power storage.
Furthermore, the Vitality Storage Discussion board 2023 will present a singular alternative for worldwide members to community and construct partnerships with business leaders, like-minded friends, and different stakeholders within the power sector. Working in collaboration with EPRI, the GCCIA has developed an occasion agenda and technical content material that may drive impactful discussions.