How many MW of battery energy storage will be deployed in Buenos Aires?

The initiative aims to deploy 500 MW of battery energy storage systems (BESS) in the Greater Buenos Aires Area (GBA), but the submitted capacity has far exceeded expectations—reaching a combined 1,347 MW

Why is Argentina a good stance on energy storage?

In Argentina, the stance provides a good lesson to the European stakeholders, especially in the commercial and industrial segments of energy storage. Emerging markets can present both local and foreign players by developing tenders that are investment appropriate and clear technically and financially secured.

What role does Argentina play in the energy sector?

Given the current economic challenges, Argentina's federal and provincial governments continue to have a significant role in the energy sector. The Argentine government views the oil and natural gas sector as a major driver of exports and a way to generate revenue.

Why does Argentina have a high energy demand?

Argentina is commissioning large projects in both the generation and transmission sectors to meet rising electricity demand. In addition, equipment and transportation bottlenecks have limited growth in Argentina's oil and natural gas production.

Are there liquefied natural gas regasification facilities in Argentina?

There have been two liquefied natural gas (LNG) regasification facilities in Argentina, including in Bahia Blanca and Escobar in recent years. Regasification is the process of converting liquefied natural gas (LNG) back into a gaseous state.

How much energy does Argentina consume in 2022?

Argentina's total energy consumption was 3.45 quads in 2022, lower than the 3.57 quads consumed in 2012 (Figure 1). The reduction in energy consumption was curbed by a 0.5% annual decline in the country's gross domestic product per capita, adjusted for inflation, between 2012 and 2022 (Figure 2).