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Brazil's CPFL Energia to invest USD 20m in energy storage research

Author: Portland General Electric. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

December 13 (Renewables Now) - Brazilian renewable energy firm CPFL Energia SA (BVMF:CPFE3L) announced on Tuesday it will invest BRL 66  million (USD 19.9m/EUR 17m) in an energy storage research programme.

The programme will be comprised of three research and development (R&D) projects that will analyze the impact of storage systems on the quality and reliability of the energy supply from the plants to the final consumer.

These projects will be developed between 2017 and 2021. The Programa de Armazenamento de Energia, as it is named, will explore various segments of the electricity sector, CPFL said.

In the generation and transmission segment, for example, the focus of the R&D studies will be on how batteries can optimise the production of electricity from intermittent renewable sources -- such as wind and solar -- and mitigate possible investments in transmission lines. On the distribution front, CPFL will be developing storage system applications for electrical networks, from high and medium voltage substations to the low voltage consumer.

(BRL 1 = USD 0.302/EUR 0.258)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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