The Asian Development Bank (ADB) multilateral finance institution has approved a loan to upgrade Sri Lanka’s grid infrastructure.

The Ministry of Energy of Uzbekistan has signed an Implementation Agreement (IA) with ACWA Power for battery energy storage system (BESS) projects.

India Grid Trust (IndiGrid) and development finance institutions from Great Britain and Norway have launched a transmission and battery storage development platform.

ACWA Power has agreed to deploy wind energy and battery capacity to help power what is claimed will be the Middle East and Africa region’s ‘first battery gigafactory.’

Recurrent Energy is seeking a loan from financial institution North American Development Bank (NADBank) to fund the construction of a 100MW/200MWh standalone battery storage facility located in Maverick County, Texas.

World Bank Group has approved plans to develop Botswana’s first utility-scale battery energy storage system with a capacity of 50MW/200MWh.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

Regulatory approval has been granted for what is claimed to be India’s first commercial standalone battery storage project.

Key contracts have been signed for the first-ever grid-scale battery storage project in Namibia, signifying the African country’s dedication to modernising its energy infrastructure, according to a top local official.

At COP28 last week, 11 countries joined a global consortium aimed at securing 5GW of battery energy storage deployments in low or middle-income countries.