Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets.

According to a new report from the US Energy Storage Coalition (ESC), PJM faces an urgent near-term requirement for affordable capacity to accommodate large loads expected through 2032.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

Chinese lithium-ion OEM Hithium will push forward with its planned IPO on the Hong Kong Stock Exchange (HKEX).

Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.

On 10 October, electricity prices in New South Wales, Australia, reached the Market Price Cap of AU$20,300/MWh (US$13,307/MWh).

Honeywell, LS Electric, esVolta, Sitetracker, PairedPower, PHNXX, and Energy Toolbase are collaborating on new initiatives to advance energy storage installations across the US.

According to the latest report by clean energy market research firm Mercom India, India achieved a cumulative energy storage capacity of 490MWh by the end of June 2025. 

Germany has awarded contracts to 490MW of solar-plus-storage projects in its latest “innovation” auction for co-located renewables.

China-based inverter and BESS firm Sungrow has submitted its application for a Hong Kong Stock Exchange IPO, after a period of strong revenue growth.