Colombia Battery Energy Storage Market (2025
Key trends in the market include a rise in utility-scale battery storage projects to support grid stability and reduce reliance on fossil fuels, as well as a
Local developers like Quartux and ON Energy have installed dozens of MWh of behind-the-meter batteries at hotels, resorts, and factories in tourist regions like Cancún – A 25 MWh C&I battery by Quartux in Cancún is cited as the largest C&I installation in Latin America.
Chile remains the regional leader in battery storage, thanks to a combination of ambitious renewable targe (60% renewable share of all energy use by 2030), advanced regulatory frameworks, and successful project execution. Some of Chile's market highlights include:
Latin America is entering a transformative decade in its energy landscape, driven by the urgent need to expand power output, decarbonize, lower energy costs, improve grid resilience, and integrate massive volumes of renewable energy. Battery Energy Storage Systems (BESS) have emerged as the linchpin technology to realize these objectives.
Battery Energy Storage Systems (BESS) have emerged as the linchpin technology to realize these objectives. With projected revenues of nearly $5.9 billion by 2030—up from $680 million in 2023—the region is poised for a rapid and uneven expansion in storage markets across utility-scale, commercial & industrial (C&I), and remote grid applications.
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