3 FAQs about Chilean energy storage company

Will Chile be able to develop energy storage projects in 2024?

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.

Are battery energy storage systems a viable alternative for Chilean power producers?

With transmission lines at overcapacity and permitting delays slowing the development of new grid infrastructure, battery energy storage systems (BESS) have surged as a profitable alternative for Chilean power producers.

Do Chilean co-located storage assets need an environmental impact statement?

Since Chilean co-located storage assets don't require an Environmental Impact Statement (known locally as the DIA), development times for storage assets have been cut in half compared to solar or wind assets.

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