Infrastructure energy storage investment

Why should you invest in infrastructure in Abu Dhabi?

Infrastructure investments have been at the core of ADQ’s mandate since it received its first asset transfers from the Government of Abu Dhabi, which included major power and water companies. Since its founding in 2005, ECP has established itself as a leading equity and credit investor in energy transition infrastructure.

Why is energy storage important?

Energy storage at the substation or customer site enhances power quality and provides backup power in areas where lines and transformers cannot handle additional capacity, especially as more intermittent renewable resources come online. Utilities increased spending by $8.6 billion (30%) on other electricity systems costs from 2003 to 2023.

How much money will a joint venture invest in power & infrastructure?

The combined initial capital contribution from the partners is expected to amount to USD 5 billion. Led by a highly experienced management team with strong expertise in power and infrastructure development and operations, the joint venture is primed to begin pursuing development opportunities immediately.

How much did energy storage cost in 2022?

Although energy storage remains a relatively small portion of the total budget for distribution infrastructure, spending increased from $97 million in 2022 to $723 million in 2023.

How did electric infrastructure change over the years?

Capital investment in electric infrastructure mostly drove the increase, more than doubling over the period as: Aging generation and delivery infrastructure were replaced or upgraded to resist fire and storm damage. Utilities installed first natural gas-fired generation, then wind and solar generation, and, more recently, battery storage.

How much did utilities spend on infrastructure in 2023?

Utilities spent $5.1 billion in 2023 on infrastructure located on or near customers’ property such as meters, leased property, and rooftop solar installations—up 84% from 2003 and up 25% from 2022.