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.
How many MW will Mexico have in ?
On April 9, , the Government of Mexico announced that, as part of the electricity sector initiatives, 29,000 MW of capacity will be added, with CFE providing reliability and firm energy, while private entities will support the energy transition. Generation Wind power plant, Juchitán, Oaxaca Comisión Federal de Electricidad Transmission
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.
Where can I find information about the energy sector in Mexico?
For more sector information, the Energy Information System (SIE) * offers a database maintained by Mexico’s energy agencies and the Ministry of Energy, responsible for national energy policy. This portal provides validated official statistics (registration required for access).*
How can industry integrate energy storage into the Mexican energy mix?
To integrate energy storage effectively into the Mexican energy mix, industry must lead the way in promoting links between academia, itself, government, and wider society to promote viable, scalable solutions.
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