STORY HIGHLIGHTS
- 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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