Distributed Energy Storage Solutions Project

Project Dates: December 2023 - December 2024
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Distributed Energy Storage Solutions Project
PROJECT OBJECTIVE

The project will contribute to regional progress in achieving Sustainable Development Goal 7: expanding universal access to affordable, reliable and modern energy services by 2030. Through the adoption of clean energy by more service providers like telecom operators and implementation of modern rural electrification projects, sustainable and distributed energy solutions will enhance quality of life and drive increased economic activity across the region. The project will play a pioneering role in demonstrating the commercial viability of distributed energy storage in the Asia and Pacific region, encouraging widespread investment in energy storage and renewable energy across ADB DMCs.

PROJECT DESCRIPTION

The investments will provide institutional capital to support Fluidic''s recent entry into a growth phase backed by a large client book, a master agreement with Caterpillar and MOU's for some of the world's largest rural electrification projects.


SECTORS OR AREAS OF WORK
  1. Storage

Region/Location

BUDGET

USD 5,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
BUDGET

USD 5,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE