[Energy Storage: Chuneng signs four deals as 20 Chinese storage firms eye South America]
At Intersolar South America in Brazil (Aug 25-27), around 20 Chinese energy storage companies exhibited. Chuneng New Energy signed agreements with four partners, including MOUs with Argentina's Intermepro and Brazil's ION Energy and JSN Energia, plus a 1.5GWh cell framework deal with Windey Energy to supply cells for its first overseas storage plant in Bahia, Brazil. With a fragile grid, a 20.6% curtailment rate and the world's second-highest residential power prices, Brazil will launch Latin America's largest national storage tender (about 18GW in round one) in December 2026, drawing CATL, Trina, Hithium, CLOU, Gotion and Great Power to expand locally.