Development banks IFC and AfDB have financed co-located projects in Malawi and Eritrea which collectively total 25MW of energy storage.

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.

The African Development Bank (AfDB) has approved a grant of a grant of US$2.5 million to the government of Mozambique for feasibility studies into a floating solar PV farm and up to 10 energy storage systems.

The US-based International Development Corporation (DFC) has provided a US$25 million loan for a solar-plus-storage project in Malawi with a 5MW/10MWh battery energy storage system (BESS).

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.

The Inter-American Development Bank and Norwegian Agency for Development Cooperation are investing up to US$83.3 million in eight solar PV projects in Guyana with 34MWh of co-located energy storage.

US development bank NADBank is providing a US$65.7 million loan for a co-located solar project with an 80MWh battery energy storage system (BESS) in Texas.

Island nations Mauritius and Barbados have both begun renewable energy procurement processes that involve energy storage.

A grant of €20 million (US$22.66 million) has been made to Namibia’s government-owned electric utility company for the development of the African country’s first grid-scale battery storage project.