Energy storage south america ban

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 energy storage legal in Brazil?

Brazil’s regulatory framework does not prohibit energy storage solutions, but there are currently no specific regulations on storage. At the end of 2023, most BESS applications in Brazil were behind the meter. There is a proposed law on energy storage to encourage front-of-the-meter BESS, but Congress has not prioritized its approval.

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.

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.

What is energy storage?

Energy storage is a class of technologies that is diverse, complex, and rapidly evolving.

Are BTM assets regulated in Mexico?

Although there is no regulation against BTM assets, there is also no framework that allows it to be done. Hence, the project is much riskier and subject to the whims of the state utility (CFE) and regulators. Mexico’s front-of-the-meter BESS market is practically nonexistent. BESS is not defined by law but rather by the market.