Frost & Sullivan
"Africa could become a net exporter of energy, particularly in terms of green hydrogen development".
“Hydrogen, specifically green and blue, has the potential to considerably accelerate sub-Saharan Africa’s electrification rate."
The global grid battery energy storage market is expected to have a compound annual growth rate of 23% by 2030 according to Frost & Sullivan.
Currently, the energy generation mix is undiversified, added to this, the demand for power in sub-Saharan Africa is expected to more than triple by 2040.
The 2020s will be crucial for all the participants in the power industry as the transition toward renewables is expected to increase, while coal takes a downturn.
SSA’s generation mix is remarkably undiversified, with most economies generating the bulk of their electricity through three or fewer sources, states Frost & Sullivan.
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Business and markets
Water solutions provider, USC Metering (which trades as Utility Systems) has earned an acclaim from Frost & Sullivan for developing affordable smart water management solutions for...