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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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