The project, considered the world's largest solar-storage project, will install 3. 5GW of solar photovoltaic capacity and a 4. In early December, Huawei signed a supply agreement for the 4. 5GWh battery storage system of the. Venezuela, traditionally known for its oil reserves, is now embracing energy storage projects to stabilize its power grid and integrate renewable energy. With frequent blackouts and aging infrastructure, the country is turning to modern solutions like battery storage and hybrid systems.