Subscribe To Premium
Premium Homepage
Archive, News

Energy storage could ‘drive development’ in emerging economies

By Andy Colthorpe
Grid Scale, Off Grid
Business, Market Analysis, Policy
LinkedIn
Twitter
Reddit
Facebook
Email

Energy storage deployments in emerging markets could grow 40% annually over the next five years, from 2GW today to 80GW, but barriers include the lack of access to low-cost capital, a new report from the International Finance Corporation has found

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period
Start $1 Trial

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Get Basic (FREE) Subscription
access to capital, bankability, developing countries, developing regions, emerging markets, ifc, international finance corporation, investment, latin america, low cost finance, microgrids, southeast asia, world bank group

Read Next

Image: Solar Media/Informa.

‘Up to six months faster’: DC-coupling expedites hybrid solar-plus-storage grid connection approvals in Australia

August 26, 2026
DC-coupled solar-plus-storage projects can reduce the time needed for grid connection approval compared with AC-coupled designs.
A sonnen expo stand at a US trade show in 2022. Image: Solar Media.

Shell offloads residential battery storage and VPP provider sonnen after seven years

August 25, 2026
Shell has sold sonnen, the residential battery storage company it acquired in 2019, as the oil & gas major focuses its attention on “portfolio high-grading efforts.”
The Growth Markets Fund II targets 15 high-growth, middle-income markets across Eastern Europe, Asia and Latin America. Image: CIP.

Copenhagen Infrastructure Partners closes US$3 billion energy fund targeting ‘high-growth, middle-income markets’

August 19, 2026
Copenhagen Infrastructure Partners (CIP) has closed its Growth Markets Fund II (GMF II) at around US$3 billion.
Image: Squadron Energy.

Squadron Energy secures AU$2.7 billion refinancing to support hybrid asset growth in Australia

August 14, 2026
Squadron Energy has completed a refinancing of its Australian renewable energy portfolio, securing total debt commitments of more than AU$2.7 billion (US$1.76 billion).
Invest HK recently made its first dedicated energy and sustainability-focused delegation to the UK. Image: Invest HK
Premium

‘A window to China’: Why energy storage firms are seeking IPOs and courting institutional investors in Hong Kong

August 13, 2026
ESN Premium learns about Hong Kong’s role as a bridge between China and the world, from energy storage solution provider RelyEZ and investment promotion agency InvestHK.

Most Popular

New Jersey Board of Public Utilities releases 150MW BTM energy storage proposal

Premium

‘Company wasn’t ready in 2021’: ESS Inc CEO on pivoting away from iron flow batteries to sodium-ion

Are conventional BESS degradation guarantees restricting asset value?

Key Capture Energy raises US$300 million from Standard Chartered, with NY-ISO and MISO deployments in mind

Invinity confirms EPC contract award for 2.1GWh ‘landmark’ flow battery in Switzerland

India’s BESS supply chain suffers a ‘policy intent and operational capacity’ gap, with battery cell self-sufficiency a decade or more away

Newsletter