ABSAE (Brazilian Energy Storage Association) has released a groundbreaking study on the Brazilian battery storage (BESS) market. The survey provides a detailed overview of the opportunities, challenges, and projections for the sector. The market is expected to generate approximately R$77 billion by 2034, with 72 GWh of installed capacity.
For ABSAE President Markus Vlasits, storage is already a reality in Brazil and is expected to grow rapidly. "There are ongoing projects, mature technologies, and a market ready to take off," he emphasized.
According to the association, the sector is eagerly awaiting the approval of the Legal Framework for Storage, which is considered essential to guarantee legal certainty and attract investment.
Three fronts with high expansion potential
The study identifies three segments with the greatest potential for development: the off-grid market, aimed at isolated areas and rural electrification programs; the capacity reserve, which aims to meet the power deficit of the SIN (national electrical system); and the C&I (commercial and industrial sector), which seeks greater savings and reliability through the use of batteries for load management.
Among the highlights, the C&I segment could represent 45% of installed capacity by 2034, with the potential to generate up to R$32 billion. The off-grid market is expected to reach 9,3 GWh in the same period, particularly benefiting irrigated agribusiness. Reserve capacity is projected to reach 30 GWh, with an urgent need for 4 GW by 2027.
In addition to the economic gains, the ABSAE study highlights significant environmental benefits. Replacing diesel with battery-powered hybrid systems could eliminate more than 1 billion liters of fuel by 2034, preventing millions of tons of CO2 emissions. The sector's growth is also expected to boost adjacent markets, such as ancillary services, T&D infrastructure, and electric mobility.
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