The private sector arm of the World Bank Group, IFC, supports initiatives aimed at decarbonizing European value chains, emphasizing energy storage solutions. IFC engaged Aspiro to conduct a comprehensive market assessment within Europe, covering EU and Western Balkans, and scoping regulatory frameworks, technological advancements, and market trends, particularly related to planned regional investments in renewable energy sources (RES), hydroelectric power plants (HPP), nuclear power plants (NPP), and gas plants. The study’s outcomes included the identification of potential demand for battery storage and the formulation of a go-to-market strategy.
