Energy transition can transform Brazil, conference told

Energy transition can transform Brazil, conference told

Energy transition can transform Brazil, conference told 1024 683 Energy Storage Journal

May 12, 2023. Battery storage, solar power and green hydrogen have the potential to transform Brazil’s economy, delegates attending the Intersolar Summit Brasil Nordeste conference were told.

The president of the northeast region’s Pecém Port and Industrial Complex, Hugo Figueiredo, said there was “an unprecedented opportunity provided by the energy transition, with no way back”.

Renewables and plans for a green hydrogen hub in the northeast state of Ceará will radically transform the region, Figueiredo said.

The two-day April conference was organized by Intersolar South America.

An industry observer told Energy Storage Journal last December that the Brazilian battery market and associated industries continued to grow and attract new investment.

That came as BorgWarner, a US-led automotive supplier, announced it was developing a lithium ion NMC battery systems production plant in the country to produce its ultra-high energy AKASystem AKM CYC battery systems and related products for the domestic market.