Saudi SABIC to build one of the world’s biggest mega-battery factories – ZAWYA

Saudi SABIC to build one of the world’s biggest mega-battery factories – ZAWYA

The new factory is expected to be in production in 2021. Image used for illustrative purpose.. Battery storage is attracting a wave of international investment as demand increases to store the energy being produced by new renewable projects worldwide.. Investing in such renewables projects is also a cornerstone of Saudi Arabia's energy reform plans as it weans itself off reliance on oil revenues.. Saudi Arabia is aiming to install 57.5 GW of renewable capacity by 2030, spurring demand for new battery storage capacity in the Kingdom..