Both plants will be the first in the country to integrate battery storage systems. Cocales will include a 20 MW / 80 MWh BESS, while La Hulera adds 10 MW / 40 MWh. The PPAs were awarded through Guatemala's largest power auction. Commercial operations for both projects are.
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According to BloombergNEF, the world will need over 1,000 GW / 2,850 GWh of energy storage by 2040, with lithium-ion leading deployments. The International Energy Agency (IEA) anticipates battery storage capacity will have to scale up 20 times by 2030 to hit net-zero.
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A McKinsey analysis of three different future scenarios concluded that installed capacity for BESS could grow by about 50 percent annually in each one from 2022 to 2030 (Exhibit 1).
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As solar and wind projects expand nationwide, lithium battery pack manufacturers play a pivotal role in stabilizing power grids and ensuring sustainable energy access.
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