The recent advances in battery technology and reductions in battery costs have brought battery energy storage systems (BESS) to the point of becoming increasingly cost-effective projects to serve a range of power sector interventions, especially when combined with PV and where diesel is the alternative, or where subsidies or incentives are used. Quantifying the economic impact of BESS requires a high level of temporal granularity in the analysis, because the time-steps required for a reliable assessment of costs and benefits are much shorter than the usual annual time steps of many power sector investment projects. In short, there is as...
This two minute animation brief a brief overview of how you can optimise your electric vehicle experience.
Battery technology is evolving at a breathtaking pace. As performance improves and costs fall, batteries are already critical for consumer electronics, such as mobile phones, and are paving the way for the electric vehicle market. The battery revolution doesn’t end there. Battery systems are also transforming intermittent renewable energy - such as solar and wind - by making them much more financially attractive. Investors are taking notice. But while the versatility of batteries makes them attractive, it is difficult to determine their economic value. Understanding where and why batteries are most successful remains challenging, as each situation is different based...
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A significant benefit of floating solar is that it doesn’t take up valuable space on land - meaning that it can be used for other purposes, such as farming or construction. Installing floating solar farms on bodies of water, such as reservoirs, avoids this issue. Hydropower reservoirs alone cover a surface of more than 250 thousand square kilometers worldwide - enough to host enough floating solar capacity to produce 2.5 times the electricity produced by all the underlying hydropower capacity. As the technology develops, the costs and technical challenges are expected to fall. Demand for floating solar power will also...
Offshore wind—harvested by turbines anchored in the ocean - can provide a large scale, affordable renewable energy source allowing the shift away from coal and fossil-based power in many regions by 2050. The transition to more renewable energy would allow climate change mitigation, energy security, reducing the dependency on fossil fuel imports, local air pollution, and creating new jobs. The Rising Tide of Offshore Wind is in a series of publications by the International Finance Corporation, a member of the World Bank Group.
ESMAP’s Annual Report 2018 represents a comprehensive summary of the breadth and reach of ESMAP’s portfolio of activities. It provides snapshots of concrete results to illustrate the impact of ESMAP’s work as it helps countries strengthen the performance of their energy sectors. In 2018, ESMAP informed USD 8.6 billion in World Bank development financing and mobilized USD 7 billion in external financing. ESMAP also launched and disseminated key knowledge products to help shape global energy policy, trigger reform, and increase smart investments in the sector. Keywords: mini grid; offshore wind; poverty and social impact analysis; Access to Electricity; Clean Technology...
The ongoing transformation of the global energy sector is opening possibilities for many developing countries to reach their energy access and service delivery goals in a lower cost, more sustainable manner, while combating climate change. New technologies, and new ways of using existing technologies such as geospatial data systems, smart grids, and smart meters are helping to develop resilient energy infrastructure and operate it more efficiently. These developments, combined with major cost reductions in renewable energy and storage solutions are presenting a strong prospect of a complete re-orientation of the energy sector towards a more decentralized, decarbonized and digitalized path....
Energy is at the heart of development. It makes possible the investments, innovations, human capital development, and new industries that are the engines of jobs, inclusive growth, and shared prosperity for entire economies. At the same time, the world faces the existential challenge of global climate change. The World Bank’s ability to respond to energy challenges and client demand has been supported by the Energy Sector Management Assistance Program (ESMAP). This year, an additional global crisis arrived in the form of the COVID-19 pandemic. As the World Bank pivoted to provide an emergency response, the challenge for its energy sector...
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