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.
What is Mexico energy storage?
Mexico Energy storage was first included as part of Mexico's long-term policies in the Transition Strategy to Promote the Use of Cleaner Technologies and Fuels published by SENER in 2016.
How can Mexico promote energy storage?
To accelerate investments and promote the formation of a storage market, Mexico should introduce technology-push and market-pull policies simultaneously. Procurement targets could be used if policymakers decided that energy storage is a short-term priority, as in the case of the US.
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.
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.
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.
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