The utility scale segment dominates Chile's energy storage landscape. Large power generation companies are the primary investors in BESS, usually pairing them with renewable plants. Key players include Engie, AES Andes (AES), Enel, and Colbún, who are deploying batteries to provide firm capacity and ancillary services.
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:
Some of Chile's market highlights include: The Chilean government has enabled standalone storage systems and created favorable rules for remuneration, energy arbitrage, and grid services. Chile's storage market success stems from the alignment of regulation, market incentives, and project bankability.
Thus, the largest “customers” for storage in Chile will continue to be grid operators and utilities procuring batteries to smooth renewable generation and defer transmission upgrades, as well as renewable developers adding batteries to earn capacity payments and reduce curtailment of their projects.
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