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.
Major Players: Camelion Battery Co. Ltd, Duracell Inc., Energizer Holdings Inc., Saft Groupe SA, Panasonic Corporation Major Players: Duerr AG, Schuler AG, Hitachi Ltd., Xiamen Tmax Battery Equipments Limited, ACEY New Energy Technology Major Players: Duracell Inc., BYD Co Ltd, Samsung SDI Co. Ltd, LG Chem Ltd, Panasonic Corporation
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