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.

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.

Is Brazil ready for solar?

Brazil has been late to enter the solar stage, but has achieved both impressive growth rates and very competitive pricing for solar. In 2019 2 GW of new capacity were added, of which 1,4 GW were small and medium-scale installations operating under a net-metering framework.

What is the future of PV & energy storage?

In 2019 2 GW of new PV capacity have been connected to the grid and for coming years the outlook continues to be bright. Energy storage, by contrast, still is in its infancy and has so far been mostly restricted to off-grid and R&D applications.

What is behind the meter energy storage?

Behind-the-meter energy storage systems can address a wide variety of purposes. Peak shaving (reducing peak demand in kW) and time-of-use optimization (shifting consumption of kWh from expensive peak-time to less-expensive off-peak time) are among the most frequent applications of such systems.