Oct 17, 2024 · This report provides key statistics on the performance of the electricity, petroleum, and renewable energy subsectors during the financial year 2023/2024. It also highlights the
Under net metering consumers feed excess electricity from their renewable captive sources into the grid, offering a cost-effective and sustainable energy solution. This mechanism enhances energy security and sustainability while diversifying Kenya’s energy mix. The Energy (Net Metering) Regulations, 2024 were published in June 2024.
By prioritizing renewable energy resources, advancing the adoption of clean cooking solutions, and promoting energy efficiency, this policy sets a clear path toward ensuring that every Kenyan has access to reliable and sustainable energy.
Introduction of nuclear power into Kenya’s energy mix requires the development of the necessary framework and infrastructure. This relates to the safety aspects in development, construction, operation, maintenance, decommissioning, and waste management of the nuclear power program and related amenities.
According to International Energy Agency (IEA), Kenya imported coal valued at about US $120 million in 2023. The Energy and Petroleum Statistics Report (EPRA, 2024) indicate that coal and coke contributed 3.7% of Kenya’s energy supply for the year 2023.
A just energy transition for Kenya will secure Kenya’s energy independence and optimize the socio-economic benefits. Enhance knowledge and technical capacity development adoption of emerging low-carbon technologies.
Key institutions like the Energy and Petroleum Regulatory Authority (EPRA) and Kenya Electricity Transmission Company (KETRACO) will oversee policy enforcement, and the government will work closely with stakeholders to track progress and adjust strategies as needed to meet the policy's objectives.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.