Customization of energy storage equipment boxes in Brazil

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).

With well-designed policies and regulations, Brazil has significant potential to follow in the footsteps of jurisdictions like California and Chile for large-scale battery storage, Germany for distributed and large-scale storage, and Australia for both pumped hydro and large-scale battery systems.

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.

Flexible generation and correlated solutions, including battery energy storage systems (BESS), are therefore likely to be at a premium in the future.

Innovative approaches can connect individual areas such as electricity, heating, cooling and mobility. In order to make use of the advanced battery technology, the legal, technical, educational and economic framework conditions in Brazil require analysis and, in part, improvement.

Historically, the Brazilian electricity matrix has been based on hydropower. However, over the last two decades, the mix of installed capacity has changed significantly through the introduction of different energy sources.