Latin american energy storage

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.

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

The opportunities for battery energy storage systems are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market. In 2010, the IEA projected that the world would reach its 2019 solar penetration only in 2035. Analysts underestimated solar adoption by 16 years.

What is the Latin America Energy Outlook 2023?

Our Latin America Energy Outlook 2023 – the first IEA outlook for the region – contains in-depth country and regional analysis of energy and climate trends, identifying opportunities and key challenges, as more robust growth returns. This report explores three scenarios.

Are energy storage technologies being used in Lac?

However, energy storage deployment in LAC is still nascent. This publication describes the main energy storage technologies being used internationally and the status of these technologies in LAC.

How does Latin America and the Caribbean use its vast resources?

How Latin America and the Caribbean uses its vast resources will shape the region’s energy future and the role it plays in the global energy system. Latin America and the Caribbean encompasses a region that is both large and diverse in terms of economic development and natural resources.

How many energy storage projects are there in Chile?

Our research identified 150 energy storage projects in 36 countries and territories in LAC, the majority lithium-ion batteries, with the greatest number of projects in Chile.