Will Mexico develop energy storage technologies in the next decade?

However, we expect Mexico to develop its energy storage technologies significantly over the next decade, as well as its lithium mining industry, as it increases its renewable energy capacity as part of a global green energy transition.

Does Mexico regulate storage?

Mexican legislation, however, neither defines nor regulates Storage. There are few references in the current legislation to the activity, no specific regulatory body oversees its development and there are no stipulations regarding the need to obtain any authorisation from the Energy Regulatory Commission (CRE).

Are Mexico's energy storage operations in a nascent stage?

Mexico’s energy storage operations are in their nascent stage compared to more widespread developments in the U.S. and several European countries.

Can photovoltaic energy be stored in Mexico?

In this regard, experts estimate that the technology already exists in Mexico to store up to 1.5 megawatts of energy, which allows users of all sizes and in all types of interconnections, including the wholesale electricity market and large industry, to access photovoltaic generation without interruption.

What is energy storage?

Energy storage can be understood as the action of reserving or storing generated electric energy and making it available when it is most needed in accordance with the peak demands of a society, acting as a balance between supply and demand, contributing to the stabilisation of an electric system (Storage).

Will Mexico expand its solar market?

As Mexico expands its solar market, we expect companies to increase their investment in battery storage operations to optimize the solar power generated across the country. But Mexico will have to improve its regulatory framework for renewable energy for the industry to become more efficient and attractive to investors.