Argentina energy storage equipment government subsidies

Why did Argentina reduce its energy subsidies in the first 7 months?

Our Standards: The Thomson Reuters Trust Principles. Argentina has reduced its energy subsidies in the first seven months of the year by $2.7 billion, Energy Secretary Eduardo Rodriguez Chirillo said on Thursday, as part of the government's goal of reducing its fiscal deficit.

Can battery energy storage modernize Argentina's grid?

Argentina’s ambitious push toward grid modernization through battery energy storage has received an enthusiastic response, with CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico) confirming the submission of 27 project proposals from 15 companies under its AlmaGBA program.

Why is Argentina a good stance on energy storage?

In Argentina, the stance provides a good lesson to the European stakeholders, especially in the commercial and industrial segments of energy storage. Emerging markets can present both local and foreign players by developing tenders that are investment appropriate and clear technically and financially secured.

Will Argentina integrate new electricity storage infrastructure into urban distribution networks?

This national and international open call, part of Resolution SE 67/2025, marks Argentina’s first large-scale effort to integrate new electricity storage infrastructure into urban distribution networks.

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 an energy trade balance surplus?

In a meeting with energy business officials in Houston, Rodriguez Chirillo said Argentina had achieved an energy trade balance surplus $2.9 billion dollars between January and July. "Our mission in the new model is that the investor can design his own model (...) and knows that he has the right to export," explained Rodriguez Chirillo.