How AFSIA Reports Africa Will Store More Power in 2024 Than in the Last 7 Years Combined

Africa is experiencing a rapid expansion in energy storage, with capacity projected to rise from 31 megawatt-hours (MWh) in 2017 to 1,600 MWh by 2024, according to the Africa Solar Industry Association (AFSIA).

This growth highlights the increasing integration of energy storage with renewable sources like solar power, a vital step in addressing energy access challenges across the continent.

Reliable electricity is a cornerstone for economic growth and improved living standards. With enhanced energy storage, communities can store surplus renewable energy for use during nighttime or peak demand, enabling uninterrupted power for schools, hospitals, and businesses.

This advancement paves the way for increased productivity, better healthcare services, and expanded educational opportunities.

The expansion of energy storage also opens up job opportunities in sectors such as manufacturing, installation, maintenance, and management of battery technologies.

These roles will drive economic development and help reduce poverty levels by providing stable incomes for families across Africa.

For businesses and investors, the growing demand for reliable energy solutions presents a lucrative market. Companies involved in battery manufacturing and renewable energy development can capitalize on this momentum.

As the cost of advanced storage technologies, such as lithium batteries, continues to fall, adoption rates are expected to increase, creating further opportunities for investment.

HAVE YOU READ?

How Kenya’s biogas initiative is freeing rural women from 6-hour firewood hunts

Integrating advanced storage systems with renewable energy sources can also stabilize national grids. Countries struggling with intermittent power supply caused by aging infrastructure or reliance on fossil fuels can improve grid reliability and reduce their dependence on diesel generators.

This transition not only enhances energy security but also aligns with global sustainability goals.

AFSIA reports that 18 gigawatt-hours (GWh) of energy storage projects are currently under development across Africa.

The shift from traditional gel and lead batteries to more flexible and cost-effective lithium options has been a game-changer.

Countries like Egypt, Ghana, Kenya, and Nigeria are already making strides in deploying these technologies, with plans to scale further by 2027.

However, realizing the full potential of Africa’s energy storage growth will require robust infrastructure investment and private sector involvement.

Tapping into global capital markets and forming strategic partnerships will be essential to accelerating progress and ensuring long-term success.

The projected expansion of Africa’s energy storage capacity offers a pathway to sustainable development, providing reliable energy for millions while fostering industrial growth.

As the renewable energy sector continues to evolve, energy professionals and investors have a unique opportunity to shape the future of energy in Africa.

By leveraging emerging technologies and investing in scalable solutions, stakeholders can drive both economic transformation and environmental resilience.