What are the opportunities for battery energy storage systems in Latin America?
The opportunities for battery energy storage systems (BESS) are growing rapidly in Latin America. Below are some key details for those who want to understand and succeed in the BESS market.
Why is energy storage important in Latin America and the Caribbean?
It will also be a key enabler of mass decarbonization and climate change mitigation, facilitating the expansion of variable renewable energy sources such as wind and solar while ensuring grid security. However, energy storage deployment in Latin America and the Caribbean (LAC) is still nascent.
Is pumped hydro the future of energy storage in Latin America?
Pumped hydro is the most widespread form of energy storage worldwide, but despite the abundance of hydroelectric power in use in Latin America, this technology has not been deployed in most of the region. Argentina is an exception, home to two pumped hydro storage facilities with combined capacity of almost 1 GW since the 1980s.
Where are the lead-acid batteries in Latin America?
Though lithium-ion batteries are by far the dominant battery technology for energy storage in LAC, this study identified seven planned or operational lead-acid battery projects. Six of these are mini- grid projects paired with solar PV, located in Guyana, Chile, Costa Rica, and Colombia, as well as IDB projects in Bolivia and Suriname.
Which energy storage technologies will be used in the future?
Other technologies, such as molten salt thermal energy storage paired with concentrated solar power generation, or compressed air energy storage, could be deployed in specific contexts. Hydrogen storage is likely poised for a larger role down the line as the technology matures. Figure 1: Annual Energy Storage Deployment, 2016-2019 (GW)
Which countries have the largest power generation systems in Latin America?
In Chile, the region’s leader, there are more than 54 MW of operational systems, followed by 22.5 MW in Mexico and close to 20 MW in the Dominican Republic. Frequency regulation has been the dominant application so far, followed by integration of renewable energy.
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First batch of mobile energy storage power stations were put ...
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The Energy Storage Summit Latin America will bring together over 300 peers and innovators across the energy storage eco-system, to delve deeper into the current successes and challenges for energy storage in Latin America. Join us in October 2025 to further the industry and secure your stake in Latin America''s evolving regional markets.
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