In this regard, experts estimate that the technology already exists in Mexico to store up to 1. 5 megawatts of energy, which allows users of all sizes and in all types of interconnections, including the wholesale electricity market and large industry, to access photovoltaic generation. . Mexico's ambitious clean energy goals and rapidly expanding renewable energy capacity (primarily solar and wind) necessitate energy storage to address intermittency and grid stability challenges. A compound annual growth rate of 31. The Mexico. . Battery Energy Storage Systems (BESS) have gained momentum in Mexico, with both the federal government and private companies ramping up plans to install several gigawatts of capacity over the coming years. This move, announced by Jorge Islas, Undersecretary for Planning and Energy Transition, aligns Mexico with global efforts. . 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.
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