Brazilians ready to embrace storage amid rising
With global battery prices having fallen 85% between 2010 and 2018 – and further since – Brazilian home, business, and industrial
Holu's Costa observed batteries were prominent during the Intersolar South America trade show held in São Paulo at the end of August 2024. She added, hundreds of manufacturers are bringing energy storage products to Brazil.
Conclusion Although energy storage solutions have yet to be widely deployed in Brazil, generation flexibility remains a scarce commodity. Therefore, storage projects, including pumped hydro, could be the missing piece needed to enhance the country's energy system.
According to the Brazilian Energy Balance Summary Report 2024 issued by the EPE, the internal energy supply is divided between: Oil and its derivatives: 35.1%. Sugar cane biomass: 16.9%. Natural gas: 9.6%. Hydraulic energy: 12.1%. Coal: 4.4%. Firewood and Charcoal: 8.6%. Black liquor and other renewables: 7.2%. Wind power: 2.6%. Solar power: 1.7%.
Investment, incentives and taxation scenarios According to Brazilian law, there are no legal restrictions on direct foreign investment in the battery storage businesses or in the power sector (except in very specific segments or sectors of the economy).
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