Sophia Costa, head of new business at Holu Solar said market analysts expect Brazil’s lithium battery sector to grow at a CAGR of 20% to 30% through 2030. “We have observed that the battery energy storage system (BESS) market is booming globally with the use of lithium-ion batteries becoming a reality in many parts of the world,” said Costa.
Brazil is set to conduct the country''s first-ever energy storage auction for adding batteries and storage systems to the national power grid.
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.
Interest in the auction has been expressed by power companies such as Portugal’s EDP and Brazil’s ISA Energia. The auction will enhance Brazil’s power grid reliability by integrating energy storage solutions for electricity generated from renewable sources such as wind and solar. US Tariffs are shifting - will you react or anticipate?
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