At the optimal investment times, the specific capital expenditure is estimated to range from $882/kW to 1,177/kW, while the levelized cost of storage (LCOS) ranges from $0.
The project will cost more than $700 million in total, with Amea Power holding a 60% stake and Japan's Kyuden International Corporation owning the remaining 40%.
According to APICORP's “MENA ENERGY INVESTMENT OUTLOOK 2022-2026”, for a 100MW/200MWh electrochemical energy storage project, the total unit cost is approximately US$276/MWh, of which the initial capital cost/charging cost/financing cost/operation and maintenance cost/tax cost are.
The Return on Investment (ROI) varies based on the specific application and cost structure: Pure Peak Shaving: 3–5 years. PV + Storage Optimization: 4–7 years.
The project integrated photovoltaic (PV) generation, energy storage, charging, and smart energy management into a unified "PV-Storage-Charging-Load System", establishing an intelligent energy control architecture for efficient utilization and precise distribution of energy resources.