Brazilian energy storage investment group plant operation

Why is energy storage important in Brazil?

Cemig CEO Reynaldo Passanezi noted that energy storage systems and expanded transmission lines will be essential as Brazil integrates larger volumes of renewable energy into the grid in the coming years. Cemig is already testing battery storage technology through a pilot project in Serra da Saudade, Brazil’s smallest city.

Will Brazil conduct the first energy storage auction?

Brazil is set to conduct the country's first-ever energy storage auction for adding batteries and storage systems to the national power grid.

Will Brazil's energy auction improve power grid reliability?

Interest in the auction has been expressed by power companies such as Portugal’s EDP and Brazil’s ISA Energia. The auction will enhance Brazil’s power grid reliability by integrating energy storage solutions for electricity generated from renewable sources such as wind and solar. US Tariffs are shifting - will you react or anticipate?

Will Brazil's first electricity auction drive $450m investment?

Brazil is set to conduct its first auction for adding batteries and storage systems to the national power grid, as reported by Reuters. The auction, to take place in June 2025, will include 300MW energy capacity purchase that could drive an estimated $450m in investments from winning bidders, according to consultants Oliver Wyman.

How much does CEMIG invest in solar energy?

In addition to its focus on energy storage, Cemig plans to establish 600 MW of large-scale solar energy projects, investing R$4.2 billion in generation. The company also aims to allocate R$2.6 billion to small-scale distributed generation projects over the next five years.