Mexico City, (EFE) – Global energy storage grew 40% in 2025 and similar momentum is expected in 2026, according to Solis Latam, which also said the sector is on track to become the next “major battleground” of the solar and renewable energy industry.
According to figures from Solis and the International Energy Agency (IEA), battery storage was one of the fastest-growing energy technologies in the world last year, with global installed capacity reaching 108 GW — nearly 40% more than the previous year.
The company said it is currently experiencing growing demand driven by grid flexibility needs, electricity price volatility, electrification, and rising energy consumption linked to artificial intelligence usage.
“As a result, storage is no longer seen solely as a support technology for solar energy. It is becoming a fundamental part of the modern energy system,” the company stated.
Sector Projections
Alba Min Ye, Solis CEO for Latin America, pointed to encouraging prospects for the sector, including projections from research firm Grand View Research, which forecasts that the battery energy storage system market in the region will grow from approximately $890 million in 2024 to more than $6.3 billion by 2030.
This transformation is expected to be one of the central themes at the SNEC International Photovoltaic Power Generation and Smart Energy Conference and Exhibition (SNEC PV+ 2026), to be held in Shanghai from June 3–5, 2026, which has established itself as one of the world’s leading platforms for innovation in solar energy and energy storage.
Min Ye highlighted that Latin America is undergoing a reconfiguration of its electricity sector — one that in Mexico’s case is defined by sustained demand growth, rising electricity prices, and new regulatory reforms.
In that context, photovoltaic energy storage systems for residential, commercial, and industrial sectors have recorded annual growth rates above 30%.
Photovoltaic Energy
Mexico’s Energy Regulatory Commission (CRE) recently incorporated updates to distributed generation, including technical and operational adjustments to hybrid photovoltaic systems with storage, explicitly integrating batteries associated with that model.
Against that backdrop, Solis is also focusing its bet on solar storage with its new EverCore systems and inverters, which will be unveiled at SNEC PV+ 2026. According to the CRE, photovoltaic energy storage in Mexico is advancing rapidly, with plans to incorporate 5,000 MW of battery storage by 2030.
This growth, the company noted, will be key to strengthening the electrical grid, supported by the Federal Electricity Commission (CFE) and private projects seeking to optimize electricity consumption through storage technologies.
Mexico’s expansion targets call for the incorporation of 19,954 MW of renewable energy by 2030, of which 20% will correspond to battery energy storage systems (BESS).
EFE produced this content with the support of Levem.
