Energy storage could ‘drive development’ in emerging economies

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

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 18, 2025
Aboitiz Power has kicked off a 30MW hybrid battery energy storage system (BESS) project in the Philippines.
July 18, 2025
As we move through this decisive decade for clean energy, Asia’s energy storage market is stepping firmly onto the global stage.
July 18, 2025
The Australian Energy Market Operator (AEMO) has made grid-forming BESS a priority for the National Electricity Market (NEM) and South West Interconnected System (SWIS) for 2026.
July 17, 2025
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico, the BESS for which will be manufactured in the US by LG Energy Solution.
July 16, 2025
Two US-headquartered solar and sustainability-focused investors have launched GSSG Chikuden, a utility-scale battery storage developer, in Japan.

Most Popular

Email Newsletter