Core Insights - The Argentine government has initiated the "AlmaGBA" bidding project with a total investment of approximately $500 million, aimed at generating 500 MW of energy storage capacity for the Buenos Aires Metropolitan Area (AMBA) [1][2] - A total of 15 companies submitted 27 different project proposals, with a combined power scale of 1,347 MW, significantly exceeding the required 500 MW [1] - The bidding process has specific requirements for battery energy storage systems (BESS), mandating that the equipment must be brand new and capable of continuous power supply for at least 4 hours during each complete discharge cycle [1] Investment and Project Details - The projects are expected to be completed within 12 to 18 months [2] - The payment standard for the bidding is set at a fixed price of $10,000 per MW for the supplied electricity, with a maximum cost for storage capacity bidding at $15,000 per MW per month, allowing for a potential annual revenue cap of $180,000 per MW [4] Contractual and Operational Framework - The results of the bidding will be announced on August 29, 2025, after which the winning bidders will sign storage contracts with distribution companies Edenor and Edesur [3] - The electricity wholesale market management company (CAMMESA) will be responsible for ensuring project operations, and will assume payment guarantee responsibilities in case of defaults by Edenor and Edesur, with a maximum guarantee period of one year [3] - The Argentine government is encouraging provincial authorities to adopt similar bidding activities to address critical grid issues identified by CAMMESA in other regions [3]