Highview Power, a provider of long duration energy storage announced that it has entered into a joint venture with Energía Latina S.A.-Enlasa, the largest backup power generation provider in Chile, to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets.
The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential, said the company, adding that its technology when paired with renewable energy sources, is equivalent in performance to thermal and nuclear power.
“We are excited to work with Enlasa to bring Highview’s technology to Chile,” said Javier Cavada, CEO and President of Highview Power. “Together, our two companies can harness the growing deployment of renewables in Chile and across Latin America and bring renewable baseload power to the region, all without the geographic constraints associated with other energy storage technologies.”
“Enlasa is very committed to sustainability and through our partnership with Highview Power we are on the leading edge of providing innovative energy storage solutions to Latin America,” said Rodrigo Sáez, CEO of Enlasa “Highview Power’s cryogenic technology is the optimal solution to provide the large scale, long duration energy storage that is needed to balance the grid as more solar and wind power come online.”
Chile has one of the best solar irradiations of the world and the deployment of solar power together with the national decarbonization strategy require long duration energy storage to provide the needed energy balance to achieve a sustainable grid.