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.

IPP Eolian has closed a US$463 million financing package to support the continued construction of Padua 2 and Padua 3, two battery energy storage systems (BESS) totalling 350MW/1.7GWh in Bexar County, Texas.

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. 

Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

A total of 49.4GW/136.5GWh of grid-scale BESS came online in the first nine months of the year, up 36% compared to the same period in 2024.

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

Community-owned public power utility Denton Municipal Electric (DME) has signed a power purchase agreement (PPA) with Jupiter Power covering offtake from one of the developer-operator’s standalone BESS projects destined for Robertson County in Texas. 

H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone battery storage project in Brazoria County, Texas.

Utah Associated Municipal Power Systems (UAMPS) has negotiated the terms of a solar and BESS power purchase agreement (PPA) with Boston, Massachusetts-based developer Longroad Energy.