eC2: Improved renewable energy integration and electricity services through battery storage in India

Deadline: 20-Feb-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

U.S. Electricity Output Rose 6.2% From A Year Earlier

II. Objectives of the assignment:

4. The technical, economic and social benefits of battery energy storage solutions (BESS) have not been well examined in India, nor have the business cases for deploying BESS been articulated at different voltage levels.

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Powering New Markets for Battery Storage

STORY HIGHLIGHTSuntitled

  • A new, first-of-its-kind $1 billion World Bank Group program aims to help fast-track investments in battery storage, so it can be deployed affordably and at scale in middle-income and developing countries, including some of the fastest growing economies in the world.
  • Battery storage allows for wind and solar energy to be used at a much greater scale by making it possible to store electricity and use it when it is needed most.
  • The program, which is expected to mobilize another $4 billion, will help countries leapfrog to a new era of energy technology and improve their energy security and grid stability while bolstering global efforts to transition to clean energy.

 

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