Hybrid Battery System Project Developer Westore Announced As UK Climate Finance Accelerator Member

The commercial and industrial solar sector is really starting to take off across several countries on the African continent. Initially the market was characterized by a few projects where customers would install grid-tied solar PV plants after making an upfront payment to an installer or engineering, procurement, and construction company on a turnkey basis.

Technological advancements in the energy storage space, along with significant price reductions in the price of lithium batteries over the last decade, has ignited hope that viable long term contracts for leasing large energy storage systems in a similar fashion to long term PPAs in the C&I space in this part of the world are not far away. Hybrid battery system project developerwants to catalyze the adoption of battery storage in the C&I space through its Peer-to-Peer funding model.

Although there has been significant price reductions in the lithium battery storage industry, Westore is building Africa’s first energy storage leasing platform through the integration of advanced lead acid batteries and lithium-based batteries into hybrid energy storage systems.

Initially targeting commercial and agricultural customers in South Africa and mini-grid applications in the rest of Africa, Westore aims to focus on funding battery energy storage systems to be coupled with solar PPAs on separate contract terms or on modified PPAs. Westore says that its batteries are locally assembled and locally supported. All of its batteries have a residual end-of-life value and can be returned for recycling.

“We combine the best of both worlds with our Hybrid Lead-Acid/Lithium-ion systems that are build-to-order. Combining a smaller Lithium capacity with a larger Lead-Acid capacity allows for the Lithium to provide the shallow cycles, while maintaining a deep cycle capacity within the Advanced Lead-Acid battery bank.

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