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The document highlights the growing role of energy storage in supporting the global transition to renewable energy, noting that combined wind and solar capacity has reached 3,222 GWac. It identifies China, the U.S., and the EU as leaders in total capacity, while emphasizing the trend of colocating storage with renewables in emerging markets like Chile, Türkiye, Australia, and Nigeria to manage curtailment and grid instability. Specifically, Chile is identified as the leader in Latin America, utilizing BESS to address transmission constraints and target 80% renewable electricity generation by 2030.