Iraq s new energy sky-high price batteries

What is the future of electricity supply in Iraq?

There are a number of pathways available for the future of electricity supply in Iraq but the most affordable, reliable and sustainable path requires cutting network losses by half at least, strengthening regional interconnections, putting captured gas to use in efficient power plants, and increasing the share of renewables in the mix.

What is Iraq's energy supply like in 2022?

As of 2022, Iraqi energy supply is over 90% reliant on hydrocarbons, which also account for 95% of the country foreign exchange earnings. The global energy landscape is rapidly shifting towards cleaner alternatives, and the volatility of oil prices has made it imperative for the country to diversify its energy sources.

How much does hydrogen cost in Iraq?

In 2020, the cost of gray hydrogen in Iraq was estimated at $1.4 /kg, and green hydrogen, which is produced through electrolysis powered by renewable energy sources, had a higher production cost of $5.2/kg. The projections indicate a downward trend in hydrogen production costs by 2025 for green hydrogen is expected to range between 3 to 4 $/kg.

How much energy does Iraq use?

Iraqi energy consumption witnessed fluctuations and a gradual increase from 2010 to 2021, as depicted in figure 2. The energy consumption in 2010 stood at 129.7 terawatt-hours (TWh). Over the next few years, there was a steady rise, with consumption reaching 139.5 TWh in 2011 and 146.9 TWh in 2012.

Does Iraq have a good energy system?

Today, the majority of Iraq’s population has grown up in a system that has promised to deliver on energy improvements, but changes in the standard of living have rarely materialized.

Does Iraq have a green energy policy?

The establishment of Iraq Renewable Energy and Energy Efficiency Agency in 2010 and the formation of the Iraq Renewable Energy Agency (IREA) in 2016 further solidified the country commitment to green energy. In 2018, the country electric power consumption had risen to 0.75 MWh per capita, and wind energy capacity reached 100 MW.