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Accelerating Battery Storage for Development

Accelerating Battery Storage for Development
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"Battery storage allows for wind and solar energy to be used at a much greater scale by making it possible to store electricity and use it when it is needed most."

A new, first-of-its-kind $1 billion World Bank Group program aims to help fast-track investments in battery storage, so that it may be deployed affordably and at scale within middle-income and developing countries, which include some of the fastest growing economies in the world. The World Bank Group's Global Battery Storage Program provides an opportunity to help countries boost energy security, embrace cleaner energy, usher in new technologies, and fight climate change.