This is the first green issuance for a battery energy storage system (BESS) project in Brazil and the second for a renewable project by Matrix Energia. Caixa Econômica Federal led the issuance, set over a six-year period.
A compound annual growth rate of 29.3% is expected of Brazil residential lithium-ion battery energy storage systems market from 2024 to 2030. The residential lithium-ion battery energy storage systems market in Brazil is expected to reach
Brazil''s energy storage sector must attract R47 billion ($7 billion) in investments by 2030, according to the Brazilian Energy Storage Solutions Association (Absae). Stakeholders are in the process of creating a regulatory framework for energy storage.
A compound annual growth rate of 29.3% is expected of Brazil residential lithium-ion battery energy storage systems market from 2024 to 2030. The residential lithium-ion battery energy
Brazil''s energy storage sector must attract R47 billion ($7 billion) in investments by 2030, according to the Brazilian Energy Storage Solutions Association (Absae). Stakeholders are in the process of creating a
Brazil produced only 600 metric tons (mt) of lithium in 2018, accounting for about 0.7% of the global market. The country’s entire output of the mineral was mined by Companhia Brasileira de Lítio (CBL), a company co-owned by CODEMGE.
Lithium is a lightweight metal that provides high energy density—it can concentrate more energy per unit volume than the nickel-cadmium batteries used in early mobile phones and laptop computers, or the conventional lead-acid batteries used to start internal combustion vehicles.
The company said the battery spans approximately 5,000 square meters and relies on 180 lithium battery modules made by an undisclosed manufacturer in China. The 30 MW/60 MWh storage system can deliver electricity for periods of two hours.
Battery cells, not currently manufactured in Brazil, are the “missing link” in the supply chain of the world’s fifth-largest lithium producer. The nation assembles battery packs and systems and its carmakers have electric vehicle (EV) lines. The Fuel for the Future bill, to decarbonize Brazil’s roads, should also boost the mineral sector.
Vale do Jequitinhonha, in the state’s northeast region, has the potential to become a globally leading producer of the mineral. Oxis Brasil will be the world’s first plant to produce lithium-sulfur batteries at commercial scale. Several other research centers around the world are now also vested in the new technology.
These new batteries have been shown by testing to be safe at temperatures ranging from minus 60 ºC to 80 ºC, and will not explode when punctured or shorted. In addition to operating safety, lithium-sulfur batteries also have an edge in energy density.
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