Analysis of latin american energy storage field

Why is energy storage important in Latin America and the Caribbean?

It will also be a key enabler of mass decarbonization and climate change mitigation, facilitating the expansion of variable renewable energy sources such as wind and solar while ensuring grid security. However, energy storage deployment in Latin America and the Caribbean (LAC) is still nascent.

Is pumped hydro the future of energy storage in Latin America?

Pumped hydro is the most widespread form of energy storage worldwide, but despite the abundance of hydroelectric power in use in Latin America, this technology has not been deployed in most of the region. Argentina is an exception, home to two pumped hydro storage facilities with combined capacity of almost 1 GW since the 1980s.

Why is Latin America undergoing a dramatic energy transformation?

Latin America is in the midst of a dramatic energy transformation. Region wide, countries are rapidly transitioning from fuel oil and hydroelectricity as the main power sources to a more diverse energy mix, including natural gas, solar and wind.

What are the planned and operational energy storage projects in Argentina?

Below are some of the planned and operational energy storage projects in the region. Argentina has had pumped-storage hydropower since the 1980s. The Los Reyunos power plant in Argentina has an installed capacity of 224 megawatts and has been generating electricity since 1983.

How is hydroelectricity used in Latin America?

In 2018, hydroelectricity provided 15.9% of global electricity generation37, and it is especially widely used in Latin America, where it accounted for 47.4%.38At a conventional large hydropower plant, water accumulates in a reservoir created by damming a river, ideally atop a large drop in elevation.

How many articles he has written about the energy sector?

He has also written and published over 20 articles related to the energy sector. Battery energy storage systems (BESS) in Latin America and the Caribbean 2024: regulation, potential projects, installed battery capacity. AMI Energy Practice.