6min chapter

Understanding Climate Finance cover image

Peter Mockel, IFC Principal Industry Specialist, discusses Energy Storage Investing

Understanding Climate Finance

CHAPTER

Innovative Energy Storage Solutions

This chapter examines the shift from diesel generators to solar and battery systems in island energy markets, highlighting cost-effectiveness and historical battery usage for grid regulation. It also discusses a $1 billion World Bank initiative to enhance energy storage in emerging markets, focusing on public-private collaborations and the role of blended finance in innovative technologies.

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