OLADE’s publication highlights the strategic importance of energy storage as a fundamental pillar for advancing the energy transition in the region. Despite technological and regulatory progress, key challenges remain, including fragmented regulatory frameworks, high initial costs, and the need for modern infrastructure.
The document identifies significant opportunities, including the development of hybrid projects, the expansion of microgrids in isolated areas, and innovation in storage technologies such as batteries, pumped hydro, thermal storage, and green hydrogen. It also underscores the importance of strengthening institutional capacities, promoting research, and modernizing power grids to maximize the potential of energy storage.
It recommends moving forward with clear regulatory frameworks, designing financial incentives, fostering public–private cooperation, and enhancing regional research. The publication concludes that success in these areas will enable the region to reduce costs, improve the resilience of power systems, and promote an inclusive and sustainable energy transition that benefits the entire population.
