Exploring Energy Storage Trends and the Rise of Green Hydrogen in Latin America
Key Ideas
  • Wärtsilä, a Finnish energy solutions firm, is heavily involved in the energy storage sector in Latin America, particularly in Chile since 1992.
  • The decline in battery costs is creating new business opportunities for energy storage projects, with a focus on optimizing total cost of ownership.
  • There is a growing trend towards longer-duration energy storage systems globally, which may open up opportunities for alternatives to lithium-ion batteries.
  • Wärtsilä sees green hydrogen as a significant demand driver in Chile's energy transition, with potential clients inquiring about hydrogen solutions for mining operations.
Wärtsilä, a leading energy solutions firm, has a strong presence in the energy storage sector in Latin America, notably in Chile where they have been involved since 1992. The company has deployed projects like an 8MW/32MWh system for Colbún in the Atacama region. The current trend of declining battery costs is creating new business opportunities for energy storage projects, emphasizing the importance of optimizing total cost of ownership. While shorter-duration projects are currently predominant globally, there is an anticipated shift towards longer-duration systems in the next decade, which could pave the way for alternative battery technologies to emerge. Green hydrogen is seen as a significant demand driver in Chile, aligning with the country's plans for green hydrogen production and renewable energy resources. Wärtsilä has positioned itself well for this shift with the launch of a hydrogen-ready engine power plant concept and readiness to support emerging opportunities. The company's unique selling point lies in its comprehensive approach that ensures both cutting-edge technology and 100% fire safety record, setting it apart in the energy storage integrator market.
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