The Mohammed Bin Rashid Al Maktoum Solar Thermal Power Plant – Thermal Energy Storage System is a 100,000kW energy storage project located in Seih Al-Dahal, Dubai, United Arab Emirates.
The thermal energy storage project uses concrete as its storage technology. The project was announced in 2017 and will be commissioned in 2021.
The Mohammed Bin Rashid Al Maktoum Solar Thermal Power Plant – Thermal Energy Storage System is being developed by ACWA Power International and Shanghai Electric Group. The project is owned by ACWA Power International (50%) and Shanghai Electric Group (50%), a subsidiary of Shanghai Electric Group.
The key applications of the project are onsite renewable generation shifting, renewables capacity firming and renewables energy time shift.
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ACWA Power International and Shanghai Electric Group are the owners. ACWA Power International and Shanghai Electric Group are the developers.
The project will use two technologies: a 600MW parabolic basin complex and a 100 MW solar tower, over 43 square kilometres. This project, with AED14.2 billion in investments, achieved the lowest Levelised Cost of Electricity (LCOE) of USD 7.3 cents per kW/h.
About ACWA Power International
ACWA Power International (ACWA Power) is a power generation company. It is engaged in providing power and desalinated water at low cost efficiently. It also supplies electricity and potable water to its customers. It generates power through coal, oil, gas, thermal, solar and wind technologies. ACWA Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. ACWA Power is headquartered in Riyadh, Saudi Arabia.
About Shanghai Electric Group
Shanghai Electric Group Co Ltd (Shanghai Electric) a subsidiary of Shanghai Electric Group Corp, is an equipment manufacturing company that manufactures and supplies equipment for industrial and energy sectors. The company’s key products include nuclear power generation units, thermal power units, heavy-duty equipment, elevators, power transmission and distribution equipment, printing machinery and machine tools. It also provides engineering, procurement and construction services for modern equipment. In addition the company offers products such as turbines, generators, spare parts, ancillary appliances, power station boilers, power station equipment, industry boilers, turbo-ancillary appliances and ancillary boiler appliances. It has operational presence in the US, Germany, India, Vietnam and Japan among others. Shanghai Electric is headquartered in Shanghai, China.
All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.