How many energy storage projects are in Chile?

Currently, 36 of the 129 large-scale projects Latin America projects with an energy storage component under development are in Chile, including 32 out of 71 of the region’s early works projects. The storage technologies either in use or being considered include:

How much battery storage capacity does Chile have?

According to data from Acera, the Chilean Renewable Energy Association, there are only 64MW of battery storage capacity currently active, representing 0.2% of national capacity. AES Andes, a subsidiary of U.S. company AES Corp. operates all 64MW at their Angamos and Los Andes substations.

Is lithium ion battery storage available in Chile?

While many projects are under development, lithium - ion battery storage is still limited. According to data from Acera, the Chilean Renewable Energy Association, there are only 64MW of battery storage capacity currently active, representing 0.2% of national capacity.

How will energy storage and electric transport be remunerated in 2022?

In October 2022, congress passed a bill to incentivise the development of energy storage and electric transport. The legislation allows energy companies to opt for remuneration for the energy they store and then inject back into the system.

When should energy be stored?

“Energy can be stored for when demand is highest – it solves the natural imbalance between moments of supply and demand.” This is of particular importance in the renewables sector, where solar and wind generation provide clean, but intermittent power: when the sun isn’t shining or the wind drops, generation stops with it.

Which energy companies are investing in storage?

At the moment, the country’s four largest energy generation companies are leading the way with investment in storage: Engie, Enel, Colbún and AES Andes.