The situations are in place for the nation’s battery power storage market to broaden at a compound annual development charge (CAGR) of 20% to 30%, as defined by Holu Solar’s Sophia Costa.
From ESS News
Brazil’s power suppliers have raised a pink flag in September 2024, marking the rise in electrical energy prices as thermal energy stations are fired to cowl decreased hydroelectric output on account of water shortages.
With world battery costs falling by 85% between 2010 and 2018 – and extra since – Brazilian family, enterprise, and industrial electrical energy customers are contemplating power storage techniques extra engaging.
Sophia Costa, head of recent enterprise at Holu Solar stated that market analysts anticipate the Brazilian lithium battery sector to develop at a CAGR of 20% to 30% till 2030.
“We have noticed that the battery power storage (BESS) market is growing worldwide with using lithium-ion batteries changing into a actuality in lots of components of the world,” stated Costa. “Today it’s estimated that greater than 2 million battery power storage techniques have been put in in houses, primarily in international locations such because the United States, Germany, and Australia. It was solely a matter of time earlier than this know-how arrived in Brazil. In the approaching years, Brazilian houses and companies will undertake these techniques on a big scale, pushed by the seek for higher power safety, sustainability, and independence from conventional energy grids. .
That development is confirmed by a latest examine by the International Energy Agency, which predicts that the variety of world put in battery storage will improve from 200 GW, in 2023, to greater than 1 TW in 2030, and nearly 5 TW by 2050.
The noticed Holu’s Costa batteries are well-known in the course of the Intersolar South America commerce present held in São Paulo on the finish of August 2024. He added, tons of of producers convey power storage merchandise to Brazil.
Falling battery costs, Costa stated, imply shoppers might look to them to guard towards power inflation fairly than a backup energy choice.
“Energy safety is likely one of the essential advantages, avoiding monetary losses ensuing from energy provide interruptions,” stated Costa. “For firms, particularly people who depend on steady energy reminiscent of outlets, eating places, and markets, batteries be certain that operations usually are not paralyzed, avoiding giant losses such because the deterioration of shares of refrigerated merchandise .”
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