World Bank has set up to support the deployment of ESS in developing countries

World Bank has set up to support the deployment of ESS in developing countries
World Bank Group has set up a “global international partnership” to support the deployment of energy storage systems (ESS) in developing countries, just a few months after committing a US$1 billion sum to the sector.
According to energy-storage, under the World Bank’s criteria, that funding is for:
1- Projects that hybridize solar and storage and displace diesel and other fossil fuels, shifting solar generated energy using batteries to cover peaks in demand.
2. Standalone batteries that can deliver grid services to vertically-integrated utilities and
3. Minigrid or microgrid solutions for remote regions, including islands.
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Source:ow.ly/PTXp50usSuh
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Date: May 31, 2019 @ 15:30

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