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large-scale battery

World Bank unveils battery storage finance ‘game-changer’

Mon, 10/01/2018 - 00:00 -- John Shepherd
World Bank battery initiative image

The World Bank Group has launched a US$1 billion plan to “accelerate investments” in battery storage for energy systems in developing and middle-income countries.

The ‘Accelerating Battery Storage for Development’ initiative, unveiled at the One Planet Summit in the US, aims to finance 17.5 gigawatt hours (GWh) of battery storage by 2025— more than triple the 4-5GWh said to be currently installed in all developing countries.

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Battery boost for South Australia grid

Fri, 09/01/2017 - 09:42 -- News Editor
Battery boost for South Australia grid

South Australia is to get a second large-scale battery to bolster the state’s power grid security in in a project valued at around AUD30m ($23.6m).

The Australian Renewable Energy Agency (ARENA) is providing up to AUD12m ($9.5m) in funding for power company ElectraNet to build the 30MW/8MWh lithium-ion battery at the Dalrymple substation north of Yorketown.

 

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