On July 14, 2021 the Climate Investment Funds (CIF), in partnership with the US Department of Energy/Pacific Northwest National Laboratory, hosted the virtual workshop “Keeping the Power On: The Business Case for Emerging Energy Storage Technologies.” The second in a series of 2021 events on the transformational potential of energy storage, this workshop brought together Multilateral Development Banks (MDBs), policymakers, technologists, investors, project implementers, and development professionals to explore a broad range of emerging storage technologies and understand how to choose the right storage technologies for diverse developing country contexts and needs.
At this event, participant learned about and discussed:
- Storage technologies at the leading edge of innovation and those that are breaking through to widespread commercial deployment.
- A set of tools and resources to assess core elements of the business case for energy storage technologies and projects.
- Insights about how developers are selecting energy storage technologies and designing optimal projects for developing country contexts.
Experts in energy storage technologies and practitioners shared insights and lessons from real-world energy storage development efforts. Speakers from the world’s leading research institutions shared their frameworks, tools, and resources for getting the most value from energy storage to accelerate clean energy transformations.
The event continued a series of engagements for a learning network of global energy storage professionals working to harness the power of energy storage through technology innovation, finance, and policy.
This event was a component of a new global network and community of practice associated with the CIF’s Global Energy Storage Program (GESP). GESP bridges technology, financing, and policy gaps to develop new storage capacity, accelerate cost reduction, support integration of variable renewable energy into grids, and expand energy access for millions of people in developing countries. The program makes CIF 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.
Follow this link to see presentations and recordings from the previous Keeping the Power On: Sparking Energy Storage Solutions in Developing Countries, event series held in May 2021, with more 400 participants from 65 countries.