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Brazil’s Petrobras looks at power auction for batteries as possible opportunity

petrobras auction batteries

Brazil’s Petrobras looks at power auction for batteries as possible opportunity

SAO PAULO, April 1 (Reuters) – Brazil’s Petrobras (PETR4.SA), is looking at an auction that will contract energy from batteries for the country’s electric sector “as a possibility” for the company to develop business in the area, an executive at the state-run oil firm said on Tuesday.

According to Battery and New Technologies manager Clarissa Palu, Petrobras has started to look at research and projects in the stationary energy storage and electric mobility segments, and could post a bid during the upcoming auction.

Brazil is planning an auction for energy storage solutions that could happen in the second half of this year, but there is still no set date for it to take place.

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Brazil’s Petrobras looks at power auction for batteries as possible opportunity, source

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