South america air energy storage power generation project

Will a joint venture build a long-duration liquid air energy storage project?

Image: Highview Power. A joint venture (JV) partnership to develop and construct long-duration liquid air energy storage (LAES) projects at scale in Latin America has revealed plans for its first project.

Is Chile the future of energy storage?

Already one of Latin America’s top markets for renewables, Chile leads the region on energy storage — and in embracing concepts that could break new ground in a global context. Chile’s installed base of 64 megawatts and 79 megawatt-hours of storage (based on figures from BloombergNEF) is puny compared to the U.S. or China, for instance.

What is the key market for storage in Latin America?

“ In Latin America, Chile remains the key market for storage, both in terms of announcements of new, large projects [and] evolving favorable regulation,” James Ellis, head of research for Latin America at BloombergNEF, said in an email.

Can solar power be used 24/7 in Atacama?

The Atacama region is one of the sunniest parts of the world and Highview Enlasa said that pairing the LAES system with solar power can enable 24/7 use of renewable energy. Chilean engineering, procurement and construction (EPC) group SK Ingenieria y Construccion has been picked out as EPC partner.