Tram mexico photovoltaic energy storage

Why is Mexico developing a hybrid solar power plant?

In response to more frequent blackouts, Mexico recently developed hybrid plants that have both a solar power generating capacity and battery storage capabilities. 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.

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.

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.

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.

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 electric vehicle boom?

The country likely holds around 17 other deposits, across Baja California Sur, Coahuila, San Luis Potosí, Sonora and Zacatecas, that are largely undeveloped. As demand for lithium increases, alongside battery storage innovations, we expect Mexico to be key to the much-anticipated electric vehicle boom and other battery developments.