Mining
Brazil’s plan for a battery supply chain
Battery manufacturing in Brazil is being spurred by local content requirements for country’s December 2026 energy storage auction, as well as the financing terms from Brazilian development bank BNDES that are favorable to locally made products. Domestic and foreign suppliers are already announcing investments in battery manufacturing facilities.
Brazil is turning to battery storage in a big way to meet challenges faced by its electricity sector. The immediate goals are increased flexibility and reduced renewable energy curtailment, but batteries also present an opportunity for manufacturing and green industrialization for the country. Brazil has about 1 GWh of grid-connected battery storage, but a significant expansion …
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