WEG is advocating for regulatory changes to expand business opportunities for battery energy storage systems, known as BESS (Battery Energy Storage Systems), in Brazil. According to Manfred Peter Johann, vice president of Automation and Systems at the company, allowing these solutions to be compensated for different services provided to the power sector is essential to consolidate the market and stimulate new investments.
In an interview with CNN, the executive highlighted that the first energy storage auction, scheduled for December, will be important to drive scale in the sector. However, he assesses that market development should not depend exclusively…
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