Battery energy storage systems (BESS)
The future renewable energy mix will primarily derive from variable sources like solar and wind — except the sun doesn’t always shine and the wind doesn’t always blow.
Through the BESS Consortium, Global Energy Alliance aims to enable 500MW by 2025 through a mix of direct Global Energy Alliance high-risk capital and other concessional and commercial funding. By doing this we can reframe battery storage as a pathway to a reliable, renewable energy future and seed this $100 billion market.
What is needed to accelerate and scale?
The BESS Consortium is a platform which aims to catalyze system change through market shaping and momentum building. Benefits to joining the Consortium as a Resource, Technical or Industry Partner are:
- Policy and enabling environment support
- Access to data and best practice sharing
- Pooled financing to access best in class technical assistance and fast-track financial assistance
- Access to battery supplier, technology and market insights
- Enhanced engagement, collaboration, and partnerships among other members
- Contribution to the global narrative of BESS efforts