Use of energy storage batteries in south america

Why is battery energy storage important?

Energy storage is also critical for increasing the share of renewable energies worldwide. Li-ion battery technology will revolutionize how we produce and consume electricity. The global battery energy storage market is expected to grow from US$2.9 billion in 2020, to US$12.1 billion by 2025 (Research and Markets, 2020).

Is the lithium-ion battery supply value chain a strategic resource?

It discusses the characteristics of the lithium-ion battery supply value chain to argue that lithium is not just a strategic resource. It has become a material that is part of a much larger geopolitical energy transformation, with China emerging as the primary global force in terms of technology and battery manufacturing.

Is battery recycling part of the downstream value chain?

Downstream, the LIB value chain has four different stages (creating battery components, production of battery cells, assembly of batteries, and manufacturing of EV). Recycling could potentially be considered part of the downstream value chain, but an analysis is outside the scope of this work.

Will batteries be included in a power reserve auction in 2024?

In 2024, the Brazilian government said that they would include batteries in their power reserve auction (“ Leilão de reserva de capacidade”), allowing batteries to be paid a fee for providing extra capacity during peak hours.