Why is energy storage so popular in Brazil?

So far, energy storage has been mostly used for small-scale off-grid applications, however, things are about to change. Brazilian customers, like those in other countries, are taking advantage of the increasing competitiveness of energy storage equipment, which is mainly due to rapidly falling battery prices.

How many diesel gen-sets are there in Brazil?

Overall, Brazil has more than 8 GW of small and medium-scale Diesel gen-sets connected to the grid. Most of them serve a dual purpose – provide backup power in case of outages and reduce energy cost during peak times. Generation cost varies widely, depending on location and frequency of usage and could be anywhere between BRL 800 – 2.000/MWh.

How can advanced battery technology be used in Brazil?

Innovative approaches can connect individual areas such as electricity, heating, cooling and mobility. In order to make use of the advanced battery technology, the legal, technical, educational and economic framework conditions in Brazil require analysis and, in part, improvement.

Are Li-ion batteries a viable energy storage option in Brazil?

It’s worth remembering that prices for Li-Ion batteries have declined by nearly 90% between 2010 and 2019 and are likely to fall even further. This decrease has, for the very first time, put energy storage in the realm of economic viability for Brazilian consumers.

How is the Brazilian electricity market changing?

The Brazilian electricity market is changing as the country expands the generation of weather-dependent renewable energy based on wind and solar power. At the same time, electricity consumption is set to increase significantly in the coming years.