Brazil is strategically targeting energy storage to enhance the security of its electricity system in response to the increasing usage of wind and solar energy. The government is also focusing on developing the local green hydrogen market, viewing it as a strategic input for industrialization, with production reliant on renewable energy sources. The state-owned energy research company, EPE, is exploring the potential of reversible hydroelectric plants for pumped storage, with plans to demonstrate their viability in the country. Aneel is progressing in drafting regulations for energy storage plants, addressing licensing, access to the transmission network, and remuneration. The Brazilian authorities acknowledge that energy storage is crucial for the country's electricity matrix. While there are concerns about subsidies for green hydrogen potentially burdening consumers, BNDES is actively supporting green hydrogen projects by providing financing and de-risking mechanisms. The energy sector in Brazil is actively working towards integrating energy storage solutions and promoting the green hydrogen market to support the country's energy transition and industrial development.