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3 FAQs about Inverters & Power System Solutions
What is the Bess consortium?
The BESS Consortium is a multi-stakeholder partnership set up to ensure these BESS benefits transform energy systems across low- and middle-income countries (LMICs). The Consortium is on track to meet its target of securing 5 GW of BESS commitments by the end of 2024 and deploying these by the end of 2027.
Will 5 GW of energy storage be achieved by 2024?
Securing 5 GW of energy storage commitments by the end of 2024 is a key deliverable of the Global Energy Alliance for People and Planet’s Global Leadership Council, which was formed in 2022 to significantly reduce the cost of renewable energy technologies in LMICs while increasing their accessibility and addressing the climate crisis.
Where is ADB implementing Bess projects?
ADB is implementing BESS projects across Asia and the Pacific, from small-scale projects in the Maldives, Philippines, and Pacific Islands, to large-scale projects in Cambodia, Thailand, and Mongolia.
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