Eskom plans first major battery storage project

accreditation
Eskom’s new focus is on storing energy to ensure the security of power supply. Picture: iStock/Gallo Images
Eskom’s new focus is on storing energy to ensure the security of power supply. Picture: iStock/Gallo Images

Eskom is planning its first major battery storage project as President Cyril Ramaphosa seeks to boost renewable energy usage and reduce the country’s reliance on coal.

Prince Moyo, general manager for power delivery engineering at Eskom, told Reuters that the battery storage project would be rolled out in phases across 90 sites, with a tender for the first phase pencilled in for early next year.

“At this stage the focus is on storing energy for the benefit of all our customers. The aim is to ensure the security of power supply,” Moyo said.

Although the 1440 megawatt hour per day battery project would be able to store less than 1% of Eskom’s total generating capacity, it is a sign the utility is following through on promises to prioritise renewable energy ventures.

The project should also help smooth relations with the World Bank, which had become frustrated over the slow progress made on renewable power plans since it approved a more than $3 billion (about R43 billion) loan in 2010 to support green energy.

Eskom, which joins global firms like oil major BP and General Electric in investing in battery storage, is working on a new long-term strategy to assess whether its business model is sustainable.

The utility’s new management, appointed soon after Ramaphosa replaced scandal-plagued Jacob Zuma as leader of the ANC in December, is fighting to rescue the firm after a period of steep financial decline.

It reported a R2.3 billion loss for the latest financial year, after which it said it was considering selling non-core assets and job cuts.

– Reuters

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
Tourism Minister Lindiwe Sisulu’s comments on the Constitution and the judiciary has been termed an “extraordinary attack” that is “dangerous and regressive”. What are your thoughts?
Please select an option Oops! Something went wrong, please try again later.
Results
She’s within her rights
9% - 18 votes
It’s all politics
26% - 53 votes
It was irresponsible
65% - 132 votes
Vote