Mexican energy storage policy
The main priority for Mexican policymakers should be to create a legal definition of energy storage and design clear market regulations. Mexico should also focus on funding demonstration projects of well-proven technologies and introducing financial incentives to accelerate investments in energy storage.
As the photovoltaic (PV) industry continues to evolve, advancements in Mexican energy storage policy have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Mexican energy storage policy]
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.
Is there a demand for energy storage in Mexico?
Presently, there is not a strong demand for energy storage in Mexico. However, after the electricity reform and the commencement of operations of the Wholesale Electricity Market has opened up the market to private investments, other electricity trading alternatives may be developed in Mexico.
Will energy storage technology be commercialized in Mexico?
As there are no particular regulations under Mexican law, we anticipate that energy storage technology will be commercialized as an ancillary service under the Wholesale Electricity Market and frequency response will be a key factor in the industry’s development in Mexico.
Why does Mexico have no energy storage capacity?
“Between 2017 and 2019, we installed 2GW of solar generation capacity in Mexico but no storage capacity. This is creating imbalances in the national grid; energy storage is essential to the correct functioning of that grid,” said Manuel Garay, Mexico Country Managing Director, Power Electronics, to MBN.
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.
Does Mexican law cover energy storage?
Mexican law does not currently specifically consider energy storage. However, it is anticipated that upcoming business practice manuals that are being drafted will include several provisions in connection with energy storage.
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