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Big batteries' coming of age prompts bankers to place their bets

Lenders are looking to finance large-scale energy-storage projects from California to Germany

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Battery costs have declined 40 per cent since 2014 and regulators are mandating storage technology be added to the grid.

New York

THE idea that giant batteries may someday revolutionise electrical grids has long enthralled clean-power advocates and environmentalists. Now it's attracting bankers with the money to make it happen.

Lenders including Investec plc, Mitsubishi UFJ Financial Group Inc and

sentifi.com

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