GCC Energy Transition: Utility-Scale Batteries Are The Next Big Move

This report was produced by S&P Global Ratings, a member of IPFA. 

Battery storage is emerging as a cornerstone of the Middle East’s clean energy transformation, helping balance growing renewable generation with rising demand. S&P Global Ratings highlights how Saudi Arabia and the UAE are leading the charge, advancing giga-scale projects and driving one of the world’s most dynamic battery markets. This report explores the key drivers behind the sector’s rapid growth, the declining costs of storage, and the expanding role of project finance in enabling large-scale deployment across the GCC.