This report, commissioned by IFC and ESMAP and authored by Navigant Research, outlines the principal uses, drivers, and challenges regarding the commercialization of energy storage technologies in low- and middle-income countries.
By combining supply-side industry analysis, end-user primary research and demand assessment the report provides a forecast of expected deployments by region and potential impacts on energy access, quality of electricity supply, and other key areas.
Energy storage is a crucial tool for enabling the effective integration of renewable energy and unlocking the benefits of solar and wind power for emerging markets. New research from the World Bank Group shows that energy storage technology will become more accessible in emerging markets in the coming decade, enabling a significant scale-up of renewable energy as a clean source of electricity generation.
However, for this to happen, knowledge, financial and regulatory barriers must be overcome. De-risking the sector can lower the cost of financing and catalyze storage deployment, while regulatory changes and practices can enable a more profitable and sustainable energy storage market.
Please click here to read or download the report as PDF file.