expected ROI of domestic energy storage project in Mexico 2030

How can Mexico accelerate investment in energy storage?

Mexico must set a legal definition of energy storage and clear market regulations. As a late mover, Mexico can select projects with less technological uncertainty. Procurement targets accelerate the formation of a storage market in the short term. Financial incentives are necessary to accelerate investment in energy storage.

Should energy storage be a priority in Mexico?

If energy storage deployment is considered a priority in the following years, Mexico could accelerate investments through a mix of storage procurement targets and financial incentives. A strong storage market can also be built over time by offering rebates, loans, investment grants, tax credits or other financial incentives.

Will Mexico start energy storage RD&D projects?

The roadmap suggests developing regulations and promoting research, development and demonstration (RD&D) projects , but these proposals have not yet been adopted as a formal policy guideline. Nevertheless, Mexico is expected to start energy storage RD&D projects in the next years.

Should energy storage be considered a transmission and distribution asset in Mexico?

In Mexico, defining energy storage as a generation or a transmission and distribution asset is not only critical to establish revenue streams, but also to determine whether EST will be able to operate under a regime of free competition.

Should energy storage be regulated in Mexico?

5.2.1. Mexico Energy storage appears scarcely in Mexican legislation and the few regulations that mention it leave the door open to potentially consider EST as either generation assets or transmission and distribution assets . If EST were regulated as generation assets, they could operate under a regime of free competition.

Is energy storage a global problem?

Despite their advantages, most EST have not been widely diffused in the global market. Although some EST still face high costs and technological uncertainty, it is widely accepted that the main barriers to the deployment of energy storage worldwide are inadequate regulatory frameworks and lack of policy support [, , ].

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Policy

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