Energy storage explosive growth

July 12, 2024: Global cumulative capacity will increase sixfold by the end of 2033, passing 1TW/3TWh, according to the latest forecast from research house,Wood Mackenzie.
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Cairo new energy storage product investment promotion

Cairo, Egypt, June 15, 2025 – IFC today announced an investment to support Egypt’s first utility-scale battery energy storage system (BESS), deepening its partnership with AMEA Power, a leading renewable energy developer in Africa, the Middle East, and Central Asia, and the Government of Egypt to advance the country’s clean energy ambitions.
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