The world bank plans to raise $5billion to support the "battery revolution"
the world bank plans to promote an investment project with a total amount of $5billion to support developing countries to carry out the "battery revolution" and promote the development of local battery industry to meet their growing power demand
during this period, the financial times 26 said that the world bank would take us $100 billion from its own capital and raise US $4billion from public and private sector investors to support new battery technologies and applications and improve the industrial financing environment. World Bank President Kim Yong Yong said on the 26th that the world bank intends to "send a strong signal to the battery industry that there is a huge business opportunity in developing countries' energy reserves", "everyone in the world should have at least 20 hours of electricity available every day, not only when there is the sun". He said that the project promoted by the world bank will encourage enterprises to develop new large-scale batteries that better meet the needs of developing countries, including Ian Fuller, vice president of business development and engineering of companies with longer service life, and batteries that are longer, more durable and can still be used in extreme conditions such as hot weather
at present, most lithium batteries are used in electric vehicles, but if their cost is further reduced, they may be used as fixed power storage equipment to balance the supply and demand of electric power in the short term, and support the operation steps of hydraulic universal machine in metal tensile test to hold wind and solar power generation equipment and reserve energy. As of 2017, batteries with a total capacity of about 4million kwh have been installed on electric vehicles. However, the total capacity of batteries used for fixed power storage equipment is only 110000 kwh, of which the total capacity of batteries installed in developing countries is 45000 kwh. In developing countries, the cost of battery power generation is higher, with the cost per kilowatt hour of US dollars, while in developed countries, the figure is about US $300
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