en.Wedoany.com Reported - Harry Neto, Director of Solar, BESS, and Building Solutions at WEG, revealed that the company plans to participate in future battery auctions alongside strategic partners, acting as a supplier of equipment and EPC services. Under the plan, WEG will not directly bid for auction assets but will collaborate with investors and power companies responsible for project operations. Harry Neto stated that WEG does not hold assets because the company does not compete with its customers; instead, it works with partners to provide full EPC services for battery projects as an equipment and service supplier.
Harry Neto explained that WEG is preparing a 6.9 MWh domestically manufactured BESS solution in Brazil, a move aligned with expectations that the auction may incentivize localized projects. The executive also revealed that the company is already negotiating preliminary agreements with partners interested in participating in the auction, primarily based on the initial capacity of its factory. When asked about the outlook for energy storage investments, Harry Neto noted that the Brazilian market has begun to show significant growth, particularly in the residential, commercial, and industrial sectors. Although systems with batteries do not yet account for the majority of the company's sales volume, they currently represent approximately 20% of the financial value of the company's commercialized kits. Harry Neto pointed out that due to declining photovoltaic module prices and the added value of batteries, systems with storage now account for about 20% of the financial value of WEG's sold kits. WEG already sells 5 kW and 10 kW batteries through the same channel as its distributed solar power generation, in addition to larger-scale solutions for the corporate sector.
Regarding market forecasts, Harry Neto believes that technological advancements in the residential market remain closely tied to backup power applications during outages, while in the commercial and industrial sector, batteries are beginning to be used for more complex strategies such as peak shaving and revenue stacking. The company expects strong growth in the integration of solar and batteries over the coming years, driven by factors such as reverse power flow, curtailment, and future dynamic electricity pricing. Harry Neto stated that he believes within five years, approximately two-thirds of new solar systems should include batteries. International markets are already requiring solar power plants to be paired with energy storage, a trend that will also strengthen in Brazil. For example, Mexico has regulations that do not allow the construction of solar power plants without batteries.
Harry Neto also introduced WEG's positioning in the electric mobility market. The company is already involved in supplying electric traction systems, batteries, and charging infrastructure for electric buses, trucks, and special applications, as well as providing fast chargers and AC charging equipment for electric vehicles. WEG is now one of the largest suppliers of electric buses in Brazil, including batteries and traction systems.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
