Energy Storage
AES is the world leader in lithium-ion-based energy storage, both through our business project and joint venture, Fluence. We pioneered the technology over one decade ago, and today
As renewables scale up, the need to store energy is increasing. Chile is leading the way in Latin America and has more projects in the pipeline, but hurdles remain Chilean
Discover how METLEN Energy & Metals is driving Chile''s renewable future with large-scale solar power and energy storage projects.
With transmission lines at overcapacity and permitting delays slowing the development of new grid infrastructure, battery energy storage systems (BESS) have surged
Discover how METLEN Energy & Metals is driving Chile''s renewable future with large-scale solar power and energy storage projects.
Chile''s storage market success stems from the alignment of regulation, market incentives, and project bankability. The utility scale segment dominates Chile''s energy storage
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Chile will need new renewable energy storage systems to replace its current backup capacity of coal-fired plants and natural gas-powered combined cycle turbines and
As renewables scale up, the need to store energy is increasing. Chile is leading the way in Latin America and has more
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With transmission lines at overcapacity and permitting delays slowing the development of new grid infrastructure, battery energy
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The utility scale segment dominates Chile’s energy storage landscape. Large power generation companies are the primary investors in BESS, usually pairing them with renewable plants. Key players include Engie, AES Andes (AES), Enel, and Colbún, who are deploying batteries to provide firm capacity and ancillary services.
According to a December 2023 publication on the InvestChile website, the country had 23 approved energy storage projects with a total of 3,000 MW of capacity. Chile is exploring a variety of solutions to keep abreast of the changing energy demand landscape ranging from BESS to innovative projects using CO2.
In 2022, Chile passed an energy storage and electromobility bill, which made stand-alone storage projects profitable, but the market is still expecting new rules on capacity payment for storage projects, which are to be approved in 2024. Chile has also put in place an auction procedure to award public land for the development of BESS projects.
Chilean president Gabriel Boric (centre) at the inauguration of an energy storage plant in the northern region of Antofagasta in April 2024. Chile has strong conditions for wind and solar energy, and is pursuing storage to help overcome intermittent supply (Image: Ximena Navarro / Dirección de Prensa, Presidencia de la República de Chile)