Friday
September 28
2018

World Bank Offers $1 Billion for Batteries in Emerging Markets

By Brian K Sullivan

The World Bank Group committed $1 billion to finance battery-storage systems in developing and middle-income countries, and expects its participation to attract another $4 billion in backing from investors as well as public and private funds.

Photo courtesy of Ken Teegardin.

Source: Bloomberg (link opens in a new window)

Categories
Energy, Technology
Tags
climate change, electricity, emerging markets, energy sector, LMICs, technology, World Bank