World Bank Group has set up a “global international partnership” to support the deployment of energy storage in developing countries, just a few months after committing a US$1 billion sum to the sector.

Over the next five years, a US$50 million pot will be invested to promote a sustainable supply chain for lithium, graphite and the other minerals and metals

The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.

Gotion High-Tech has been named as the BESS supplier for three projects totalling 6GWh awarded to an ACWA Power consortium in Saudi Arabia.

There is no shortage of capital to invest, but energy storage developers in the Middle East face familiar questions as the market takes shape.

Aukera has closed a €460 million (US$534.23 million) structured credit facility to advance its project pipeline in five European markets.

EPC Renewables has signed an MoU with state-linked utility Energy Fiji Limited for the development of the Yaqara Solar & Battery Project.

Malawi’s energy minister was on hand last week as the southeast African country inaugurated its first large-scale standalone battery energy storage system (BESS).

The government of Malaysia has unveiled the next round of its Large-scale solar (LSS) program tender seeking 2.5GW of solar PV co-located with 1.25GW of battery energy storage system (BESS) capacity.