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Opportunity Issue 104

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

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SUSTAINABLE ENERGY<br />

Optimising energy storage<br />

and thermal balancing<br />

The Wärtsilä Energy team believe that there is a case for South Africa to re-evaluate its<br />

energy consumption and turn to alternative solutions for its daily usage.<br />

South Africa, as an energy-intensive economy, is a<br />

major contributor to greenhouse carbon emissions,<br />

sourcing an estimated 77% of electricity from coal.<br />

However, together with many other countries<br />

across the world, South Africa is committed to<br />

making the necessary transitions to reach net-zero carbon<br />

emissions by 2050. With increasing power outages and the<br />

ongoing threat of loadshedding, the need for sustainable<br />

energy production in the country is becoming more apparent.<br />

This presents an opportunity for South Africa to re-evaluate<br />

energy consumption and turn to alternative solutions for its<br />

daily usage.<br />

Challenges in the energy sector<br />

The latest COP26 finance arrangement, which is assisting South<br />

Africa to transition to renewable energy sources, has gained large<br />

momentum and was vigorously discussed by many participants<br />

at COP27. Of all the energy sources, solar is the most viable and<br />

the most sought-after. However, even in the hottest regions,<br />

the panels can only produce electricity for a maximum of 12<br />

hours a day, therefore only converting a small percentage of<br />

available power into usable energy. This is also the case with<br />

wind turbines. The wind doesn’t always blow hard enough, and<br />

sometimes doesn’t blow at all, to produce the energy needed.<br />

Energy use and preservation is rife with challenges and there is a<br />

need for improvements.<br />

This is where thermal balancing becomes beneficial, as it can store<br />

excess energy from renewable sources. Thermal systems can assist in<br />

creating balance for energy demand and supply, reducing peak demand<br />

and consumption by storing energy for when it is most needed and<br />

increasing its efficiency and reliability. Thus, the conversion and storage<br />

of renewable energy in the form of thermal energy can also aid in the<br />

acceleration of renewables in the energy mix.<br />

The Integrated Resource Plan (IRP), which coordinates the national<br />

drive for generation expansion and demand-side intervention<br />

programmes, supports a diverse energy mix, aiming to develop an<br />

effective balance of energy supply and demand. However, guaranteeing<br />

that people get power when and where needed is not as simple as it<br />

sounds. South Africa’s population is growing at an unprecedented rate,<br />

and with the upsurge of industrialisation in a developing nation, the<br />

need for a continuous supply of energy is skyrocketing. The increase is<br />

due to mounting energy use in households – by heating and cooling<br />

systems for example – and in commercial businesses, like warehousing.<br />

Energy storage: maintaining supply and demand<br />

So, how do we keep the lights on in South Africa with an energy mix<br />

where we have an increasingly higher share, and is energy storage a<br />

solution? To avoid excess energy from being left unused in off-peak<br />

32 | www.opportunityonline.co.za

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