UAE-based real assets investor and developer ROX Capital Group has launched the ROX Gulf Energy Storage Platform to develop utility-scale and commercial energy storage projects across the UAE and Oman, while also evaluating opportunities for local assembly and manufacturing.
The platform will assess a broad range of energy storage technologies, including vanadium redox flow batteries, lithium iron phosphate (LFP) and sodium-ion batteries. It will also consider long-duration energy storage technologies such as CO₂ batteries, gravity-based systems, compressed-air energy storage and thermal storage.
ROX Capital Group plans to partner with selected technology providers based on their experience in deploying large-scale energy storage projects, expertise in long-duration storage, financial and operational capabilities, and ownership or control of core technology intellectual property.
The company said it will give preference to providers offering bankable storage systems, established manufacturing capabilities and long-term technical support. Performance guarantees and warranties will also be among the key criteria for selecting technology partners.
The platform and its partners will participate in upcoming energy storage tenders in the region and evaluate opportunities to establish local assembly or manufacturing facilities where commercially viable.
According to ROX Capital Group Founder Robin Antony, the rapid expansion of large-scale solar projects in the Gulf is increasing the need for storage solutions capable of supplying clean electricity after sunset and during peak-demand periods.
Antony said no single storage technology can address all project requirements, making a diversified technology portfolio important for the region. He also highlighted the impact of high summer temperatures, increased cooling demand and solar-heavy power systems on storage requirements.
While lithium-ion batteries will continue to play an important role, ROX expects technologies such as vanadium flow batteries, CO₂ batteries, gravity-based storage and thermal storage to complement lithium-ion systems, particularly for longer-duration applications.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
