Energy storage

Energy Storage

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Energy storage
Energy storage
Hydro, thermal, fuel cells or battery storage
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Invest in energy storage, such as hydro, thermal and battery storage or fuel cells

Expected Impact

Address the energy scarcity and effective usage of energy through investments in energy storage, leading to the increase in the share of renewable energy.

How is this information gathered?
Updated: 4 Aug, 2021 Date of Production: 1 Dec, 2020
Jordan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
36.5% of Jordan's electricity consumption results from the industrial and commercial sector (12)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13)

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Sector Sources
  • 1) Sustainable Development Report 2019.
  • 2) Ministry of Energy and Mineral Resources: memr.gov.jo.
  • 3) Ministry of Energy and Mineral Resources (MEMR), Annual Report, 2019.
  • 4) MEMR, https://www.memr.gov.jo/Pages/viewpage.aspx?pageID=129
  • 5) MEMR, Energy Strategy 2020 – 2030.
  • 6) MEMR, Energy Strategy 2020 – 2030.
  • 6b) ESCWA. Report on National Workshop on "Gender Empowerment and Entrepreneurial Development in the Rural Context: The Role of Renewable Energy". Amman, Jordan 2019. page 8
IOA Sources
  • 7) Ministry of Energy and Mineral Resources, Energy Strategy 2020-2030
  • 8) Ministry of Energy and Mineral Resources: memr.gov.jo
  • 9) Grid’s ‘technical challenges’ prompt freeze in green energy projects, retrieved from https://jordantimes.com/news/local/grids-%E2%80%98technical-challenges%E2%80%99-prompt-freeze-green-energy-projects
  • 10) Jordan - Renewable Energy: Export.gov
  • 11) https://energsustainsoc.biomedcentral.com/track/pdf/10.1186/s13705-018-0186-8
  • 12) Ministry of Energy and Mineral Resources, Energy Strategy 2020-2030
  • 13) https://www.nrel.gov/docs/fy19osti/73222.pdf
  • 14) JIC, https://www.jic.gov.jo/en/non-jordanian-incentives/
  • 15) Clean Horizon Energy Storage Source (CHESS), Opportunities and potential of the energy storage Market in the Middle’, retrieved from: https://atainsights.com/wp-content/uploads/2019/04/Opportunities-for-Energy-Storage-in-the-ME_CHC.pdf
  • 16) "Qandil, Mohammad, et al. (2019). A Stand-Alone Hybrid Photovoltaic, Fuel Cell, and Battery System: Case Studies in Jordan. Journal of Energy Resources Technology. "