The Global Energy Storage Program (GESP) is a funding window under the Clean Technology Fund. It delivers breakthrough energy storage solutions at scale in developing countries. The program makes the Climate Investment Funds the world’s largest multilateral fund supporting energy storage. Building on over $400 million in existing storage support, GESP funding is expected to mobilize an additional $2 billion of public and private investments for these vital technologies.
This first-of-its-kind investment program has the following aims:
The Global Energy Storage Program (GESP) window tracks results from deployed energy storage solutions and policies supported. In addition, GESP benefits from its own real-time learning initiative, which is designed to enhance knowledge and evidence from energy storage investments throughout the course of the program’s implementation.