This year, Dubai is enthusiastically preparing to host the highly anticipated return of the famous Energy Storage Forum, which has been strategically organised in anticipation of the 28th Conference of the Parties (COP28) slated for November. The Energy Storage Forum 2023 will be held at the Sofitel Hotel in Jumeirah Beach Residence from May 23 to May 25, 2023, and will serve as a critical milestone in advancing the global energy storage infrastructure agenda.
The forum, titled "Driving Energy Transition Pathways Towards COP28," was co-organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) and the non-profit organisation Electric Power Research Institute (EPRI).
This momentous event takes place against the backdrop of the world's ongoing considerable transformation towards a decarbonized future, as well as a hopeful outlook for the Middle East and Africa (MEA) battery energy storage system market. According to a recent Mordor Intelligence analysis, the MEA market is expected to develop at a compound annual growth rate of more than 5.2% between 2023 and 2028.
The Energy Storage Forum intends to address the difficulties and opportunities posed by the worldwide transition to a low-carbon environment. It will bring together high-ranking delegations from around the world, including power system operators, energy storage companies, researchers, and service providers, among others.
The prestigious attendees are scheduled to include distinguished delegates from GCC utility firms. The event will allow them to learn about the current state of energy storage technology and how it may help the region's power sector transition to sustainability and decarbonization.
Arshad Mansoor, President and CEO of EPRI, emphasised the conference's significance in the run-up to COP28, saying, "Without a doubt, the forum will contribute to the success of the upcoming COP28, which will take place in Dubai this November." The Energy Storage Forum will provide a chance to demonstrate how energy storage may help boost our renewable resources despite weather and climate vulnerabilities. Dubai's dedication to sustainability makes it an ideal host city for this important event. The meeting in Dubai will help to advance the conversation about energy storage and shape the future of the global energy landscape."
While pumped storage hydro has traditionally dominated the energy storage scene, new forms of energy storage, particularly lithium-ion batteries, have dramatically improved in terms of cost and performance. This advancement has created a plethora of site-specific alternatives for energy storage. Battery storage for stationary power systems is predicted to grow from 5.5 gigatonnes in 2020 to 26.2 gigatonnes in 2025 as technology advances.
Furthermore, the Energy Storage Forum 2023 will give international attendees a unique opportunity to network and form collaborations with industry leaders, like-minded peers, and other stakeholders in the energy sector.