2023 portable energy storage brazil

What is Brazil's first large-scale energy storage system?

Brazil launched on Thursday its first large-scale energy storage system with a total capacity of 30 MW, power sector regulator Aneel announced.

Is energy storage legal in Brazil?

Brazil’s regulatory framework does not prohibit energy storage solutions. While there are currently no specific regulations on storage, most BESS applications in Brazil are behind the meter. A proposed law on energy storage aims to encourage front-of-the-meter BESS, but Congress has not prioritized its approval.

Will Chile pay a capacity payment for energy storage projects in 2024?

Chile passed an energy storage and electromobility bill in late 2022, making stand-alone storage projects profitable for operators. The market is still awaiting new rules regarding a capacity payment for storage projects—expected in 2024.

What are the opportunities for battery energy storage systems in Latin America?

The opportunities for battery energy storage systems (BESS) are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market.

How much battery capacity will Latin America have by 2023?

By the end of 2023, Latin America is expected to have less than 1 GWh of operational BESS projects. In comparison, the U.S. was expected to have nearly 60 GWh of installed battery capacity, a 60x difference. This large gap will be bridged at different speeds based on each country’s specific regulations.

How is the Brazilian electricity market changing?

The Brazilian electricity market is changing as the country expands the generation of weather-dependent renewable energy based on wind and solar power. At the same time, electricity consumption is set to increase significantly in the coming years.