Does Argentina have a battery energy storage system?

Argentina has taken a major step toward modernizing its energy infrastructure with the launch of a 500 MW battery energy storage system (BESS) tender under the AlmaGBA program.

What role does Argentina play in the energy sector?

Given the current economic challenges, Argentina's federal and provincial governments continue to have a significant role in the energy sector. The Argentine government views the oil and natural gas sector as a major driver of exports and a way to generate revenue.

Does Argentina have a battery storage tender?

Argentina has opened a $500 million battery storage tender aimed at adding 500 MW of new energy storage capacity in the Buenos Aires metropolitan area. The AlmaGBA program, managed by CAMMESA, offers long-term contracts with fixed payments and financial guarantees to attract developers.

Who owns the fuel distribution network in Argentina?

Most of the fuel distribution network is controlled by four major companies: YPF, Axion Energy, Shell, and Trafigura. Together, they hold a combined market share of over 67% and own more than 3,000 retail stations in Argentina. YPF operates over one-third of the retail stations.

Why does Argentina have a high energy demand?

Argentina is commissioning large projects in both the generation and transmission sectors to meet rising electricity demand. In addition, equipment and transportation bottlenecks have limited growth in Argentina's oil and natural gas production.

How has energy production changed in Argentina?

Following a 20% cumulative decline between 2004 and 2014 in energy production, Argentina’s energy production began to increase in 2015. From 2015 to 2022, energy production grew by an annual average of 2%—primarily driven by natural gas, which contributed 62% to this growth.