Is this a direct quote? Because measuring energy storage in terms of power output is not correct. It is like answering the question: "how big is your car's fuel tank" with "It is 500 horsepower". Saying an energy storage device can deliver 5GW is only half the question, the other half is how long can you deliver it.
That being said
Funnily enough (because this is what engineers do in their spare time), I put together a spread sheet that calculates some back of the envelope calculations regarding storage using iron flow batteries:
Namely these batteries:
https://mybroadband.co.za/news/tech...ap-alternative-to-lithium-ion-technology.html
Using the recent data on these things, namely:
And
https://www.pv-magazine.com/2022/05/24/iron-flow-battery-maker-ess-expands-into-europe/
The energy center as configured can deliver 6MW for about 12.3 hours.
Plugging in the numbers into my spreadsheet:
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R20 Bn on just energy storage alone (assuming the land usage isn't really going to play into the cost as the government has f-tons of land), is pretty steep. But it is actually quite a bit cheaper than other forms of storage, namely hydropower.
(using SA numbers to represent labor costs and what not)
Ingula pumped storage scheme has a capacity of 21000 MHW, and it cost about R25 bn over its construction period (2005-2015).
To put it in comparison, the square is about the total size of battery area needed. Considering it has about 3 times the energy, isn't actually that bad.
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