MOU signed to support deployment of renewable energy storage
Muscat-based Nafath, established in 2013, is one of Oman''s oldest homegrown players in the smallscale solar PV and sustainable energy sector. Takhzeen, on the other
MUSCAT: A new policy framework unveiled by Oman's Ministry of Energy and Minerals last week is expected to lend new impetus to the growth of integrated renewable energy capacity, encompassing not only generation and transmission, but crucially, energy storage as well.
Acknowledging the “absence” of energy storage technologies in Oman, notably because of the “high-costs” involved, the new policy nevertheless seeks to enable the deployment of economically feasible battery storage infrastructure and for these attendant costs to be recouped from large consumers benefitting from such investments.
Investments in energy storage, while a critical component of clean energy infrastructure, have lagged in the Sultanate of Oman, among other markets around the world, chiefly because of high, upfront capital costs, as well as concerns over energy efficiency.
Energy Dome has also revealed that it has signed an MOU with Oman Investment Authority to explore potential areas of collaboration in Oman. Oman Observer is now on the WhatsApp channel.
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