Global Energy Alliance for People and Planet, formed in 2021 by the Rockefeller Foundation, IKEA Foundation and Bezos Earth Fund among others, plans to float the Global BESS Consortium at the UN Cop28 meeting, which will held from 30 November to 12 December.
Ashvin Dayal, senior vice president, power and climate at Rockefeller said the consortium will look at ways to both drive down the cost and unlock the value proposition for power distribution companies in terms of adoption of battery storage.
The consortium is a multistakeholder partnership aimed at transforming energy systems in Africa, Asia, Latin America and the Caribbean through the deployment of battery energy storage. "We formed the global BESS consortium this year. We are going launch it formally at COP28. So, we are trying to bring together a collection of countries," he said.
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