There can be no global shift to renewable energy without better storage technology. New solutions such as Battery Energy Storage Systems (BESS) are emerging in the region to help build the business case for coupling this technology with renewables.
With greater access to much-needed global capital, Latin America and the Caribbean can become the world’s leading renewable energy hub, taking advantage of ample sunlight and available land.
You probably haven't heard yet about a great way to ensure the sustainability of the energy sector: green transmission lines. These lines contribute to decarbonize interconnected national grids and feature top notch social practices.
Green hydrogen is the new kid on the block in the renewable energy space. It’s generated through the split of hydrogen from oxygen in water using a renewable source (solar, wind energy or hydropower), causing no emissions from this process.
The tech revolution in solar energy, driving a significant drop in costs, is the best solution to the problem of connecting isolated communities to the power grid. These models, however, also provide a vision of a possible future with decentralized networks or even customers who not only consume energy but also produce and send it into the grid.
Energy efficiency is the most effective mechanism for reducing gas emissions. The manufacturing sector in Latin America and the Caribbean can do its part for the environment while lowering financing costs through international certifications for its energy management systems.