The difference between energy storage and new energy in South America

Why is energy storage important in Latin America and the Caribbean?

It will also be a key enabler of mass decarbonization and climate change mitigation, facilitating the expansion of variable renewable energy sources such as wind and solar while ensuring grid security. However, energy storage deployment in Latin America and the Caribbean (LAC) is still nascent.

What are the benefits of energy storage?

Energy storage can bring many benefits to electricity systems, including enhanced grid reliability, efficiency, and flexibility. It will also be a key enabler of mass decarbonization and climate change mitigation, facilitating the expansion of variable renewable energy sources such as wind and solar while ensuring grid security.

Can energy transition and energy planning be effectively addressed in South America?

The energy transition and energy planning in (the countries of) South America will only be effectively addressed as far as both issues are faced from a regional perspective.

Where does energy come from in South America?

In terms of energy, this occurs between the Southern Common Market (Mercosur), the Andean Community (CAN), the Initiative for the Integration of the Regional Infrastructure of South America (IIRSA), and the Union of South American Nations (UNASUR). 9

What role does energy play in South America?

The Declaration of Caracas (2005), signed in Venezuela, gives priority to energy integration. Therefore the importance of regional infrastructure for energy transport is emphasized, as is the strategic role that energy has in the economic and social development of South America.

What is the primary energy supply in South America?

According to OLADE, in 2017, primary energy supply in South America comprised 34% oil, 28% natural gas, 10% hydro energy, 6% coal, 1% nuclear, and 21% others. Unlike the global energy matrix, natural gas occupies the second place, and coal has a smaller share even than the hydro energy.