A recent report by the financial institution suggests the potential for huge growth in the battery market, but we should focus on environmentally friendly, inclusive solutions
A recent report released by the World Bank has suggested SA could experience rapid growth in energy-storage demand over the next five years. The report focuses on the upstream battery value chain for both electric vehicles and the energy storage system markets.
While we are well endowed with many of the minerals that are required for the manufacture of lithium-ion batteries and have some early-stage activity within our lithium-ion battery value chain, the private sector should really consider focusing its funds elsewhere. We could also use the shafts to store energy by lifting and dropping heavy concrete using the existing infrastructure at the mine. Ideally, we could then use the excess energy stored in these systems to lessen the load on Eskom when demand for electricity is at its peak.
. Most Capetonians experience a lower level of load-shedding to the rest of the country as a result.
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