A new report forecasts that Chile will lead the region in energy storage capacity, followed by Mexico and the Dominican Republic – driven by supportive regulatory frameworks and the growing adoption of hybrid energy projects. . Latin America is entering a transformative decade in its energy landscape, driven by the urgent need to expand power output, decarbonize, lower energy costs, improve grid resilience, and integrate massive volumes of renewable energy. Battery Energy Storage Systems (BESS) have emerged as the. . May 21, 2025 | Madrid — BYD Energy Storage has announced a significant expansion of its partnership with Spanish renewable energy developer Grenergy. The two companies have signed a new agreement to supply an additional 3 GWh of battery energy storage systems (BESS) for the Oasis de Atacama project. . The Latin American region will see a compound annual growth rate of 8% for its energy storage market through 2034, reaching a total of 23 gigawatts (GW), according to Wood Mackenzie's Latin America Energy Storage Outlook 2025. 5GWh of energy storage systems for Phase VI of Grenergy's Oasis de Atacama Project in northern Chile. Latin America stands as a global leader in renewable energy, with renewables accounting for 60% of the region's. .
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