Scaling Up Energy Storage to Accelerate Renewables – ESMAP’s Energy Storage Program

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Energy storage is fundamental to stockpile renewable energy on a massive scale. The Energy Storage Program, a window of the World Bank’s Energy Sector Management Assistance Program’s (ESMAP) has been working to scale up sustainable energy storage investments and generate global knowledge on storage solutions. The program has catalyzed public and private financing to the total amount of US$725 million in Burkina Faso, Ethiopia, Maldives, Sierra Leone, Tanzania, Ukraine, and Western Africa. It supported 14 World Bank lending projects (including six mini-grid projects) addressing deployment of renewable energy and storage solutions and increasing battery storage capacity by 2,527 megawatt hours (MWh). The program is also active in providing capacity building and training to clients engaged in energy storage projects and in mentoring women in the energy storage industry. 

 

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