The government of Chile will launch a bill this year to procure large-scale energy storage systems for commissioning in 2026 totalling US$2 billion of investment, on top of 5GWh already being sought for 2027-28.
The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.
The president of Chile has proposed boosting state control over its lithium reserves, sending the share prices of companies involved in the extraction industry tumbling.
The local subsidiary of global energy firm AES has submitted an EIA for a hybrid renewables plant in Chile with over 3,000MWh of battery energy storage capacity.
Developers Fotowatio Renewable Ventures and oEnergy have moved forward with environmental impact assessments (EIA) for two PV co-located battery storage projects in Chile, one of which is an eight-hour lithium-ion system.
Utility Colbún has inaugurated a solar-plus-storage project with a 32MWh battery energy storage system in the Atacama region, the first of an 800MW deployment target.
The renewables arm of multinational energy firm Enel has started work on a project combining wind turbines and a 34MW battery energy storage system (BESS) in Chile.
The Senate of Chile has unanimously passed major legislation which will incentivise the deployment of energy storage and electric vehicle (EV) technology.
AES Andes, a utility operating in South America owned by AES Corporation, has revealed plans to convert 560MW of thermal power generation into a molten salt-based energy storage plant in Chile.
