How does lithium storage work in Chile?

Chile holds around 36% of global lithium reserves in the Atacama Desert. Lithium-based battery energy storage systems store excess renewable energy. This makes it available even during low production periods. Storage solutions help reduce grid instability and energy curtailment.

Is lithium ion battery storage available in Chile?

While many projects are under development, lithium - ion battery storage is still limited. According to data from Acera, the Chilean Renewable Energy Association, there are only 64MW of battery storage capacity currently active, representing 0.2% of national capacity.

Why are lithium-powered batteries important in Chile?

Lithium-powered batteries are at the heart of Chile’s transition toward clean energy and sustainable technologies. Chile’s lithium is a critical mineral in electric vehicles, renewable energy storage, and the transition to a low-carbon future.

Are battery energy storage systems a viable alternative for Chilean power producers?

With transmission lines at overcapacity and permitting delays slowing the development of new grid infrastructure, battery energy storage systems (BESS) have surged as a profitable alternative for Chilean power producers.

Is lithium a critical energy resource in Chile?

The global and regional significance of lithium as a critical energy resource is examined. The evolution of Chile's lithium industry is analyzed, emphasizing two recent key policy initiatives: the 2015 National Lithium Commission report and the newly launched national lithium strategy. The salient features of these initiatives are outlined.

Who owns the lithium industry in Chile?

Currently, the primary players in Chile's lithium industry are SQM, accounting for approximately 65% of production, and Albemarle, holding 35%. Both companies operate in the Salar de Atacama, where they control 34% of the world's lithium supply, equivalent to approximately 44 000 tons.