Quote for energy storage cabinets in Monterrey Mexico

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.

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.

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.

Could Mexico's energy sector be nationalized?

Mexico has the potential to leverage its resource power, with its huge lithium reserves, to play an integral role in the future of the global battery sector. However, the nationalization of its energy sector could somewhat hinder this possibility.

How much solar power does Mexico have in 2021?

Solar power has come a long way in Mexico, with 6,160 MW of cumulative utility-scale solar capacity at the end of 2021. However, the country’s battery storage facilities are still limited, meaning that power generation is not optimized.

Will Mexico be key to the development of lithium batteries?

We believe Mexico will be key to the future of the development of lithium batteries as home to the world’s largest single lithium field – “La Ventana” in Sonora. The country likely holds around 17 other deposits, across Baja California Sur, Coahuila, San Luis Potosí, Sonora and Zacatecas, that are largely undeveloped.