In the initial stage of development of the Mexican electric industry, power suppliers were “essentially manufacturers, miners, brewers, and flour and textile mills”12 who sold their surplus power to the surrounding areas for commercial and residential use.
An energy storage system deployed by Quartux. Image: Quartux. System integrator Quartux will soon deploy the largest battery system in the Mexican energy storage market, the company’s managing director told Energy-Storage.news, discussing opportunities and challenges in the country.
That model has also been launched by other players in the Mexican energy storage market, most recently renewable energy company Fotowatio Renewable Ventures (FRV) together with US-based energy analytics and software company Energy Toolbase and local developer Ecopulse.
Today, renewables are the cheapest source of power. The cost of installing and generating your own energy in Mexico has declined significantly, we have reached a point where it is cheaper to locally generate electricity using solar photovoltaic technology rather than buy it from the CFE.
In Mexico, capacity charges for medium- and high-voltage customers are set with reference to their maximum demand between 6 and 10 PM. Therefore, reducing the amount of electricity consumed from the grid during these peak hours can significantly reduce capacity charges and the overall cost of energy.
We are one of the largest generators of renewable energy in Mexico, with a current installed capacity of 1.3 GW. This is possible thanks to our 8 solar plants (856 MW) and 2 wind farms (474 MW), strategically distributed in five Mexican states. "By 2022 we generated a total of 2,342 GWh of clean energy."
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