Energy Storage Enterprise Cooperation and Franchise Program

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Energy Storage Enterprise Cooperation

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6 Frequently Asked Questions about “Energy Storage Enterprise Cooperation and Franchise Program”

What is the energy storage partnership?

The Energy Storage Partnership (ESP) was convened to complement this investment initiative by supporting the sustainable scale up of energy storage, connecting stakeholders and sharing experiences in deploying energy storage in developing countries —the partnership brings together 58 partners worldwide.

What is the energy storage program?

The Energy Storage program provides operational support to clients by working with World Bank teams to advance the IDA20 Energy Policy Commitment of developing battery storage in at least 15 countries (including at least 10 fragile and conflict-affected situations).

How can energy storage help developing countries?

By connecting stakeholders and sharing experiences in deploying energy storage, the ESP will help bring new technological and regulatory solutions to developing countries, as well as help develop new business models that leverage the full range of services that storage can provide.

What is energy storage business matchmaking?

It is a premium global platform for energy storage business matchmaking, tailored specifically for system integrator,importer, distributor, manufacturer, installer, project developer&operator, OEM/ODM, investor, service provider, energy consultant and research institute worldwide.

How will the ESP impact the energy storage industry?

By developing and adapting new storage solutions to the needs of developing countries, the ESP will help expand the global market for energy storage, leading to technology improvements and accelerating cost reductions over time.

What is the energy storage Academy?

The Energy Storage Academy was established to create a space for knowledge-sharing on energy storage. The academy is the platform which disseminates to World Bank clients the knowledge generated by the different working groups of the ESP. During 2020 and 2021, 39 countries participated and 16 have projects receiving WB support.

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