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In Latin America, Mexico has kickstarted investment in smart grid technology by issuing a number of tenders for more than two million smart meters, finds a new study released today by Northeast Group.
Following the launch of the country’s smart grid framework by the energy regulator, Comisión Reguladora de Energia in 2014, players in the Mexican energy sector have engaged in significant efforts in trying to enhance the country’s grid infrastructure.
Following the recent energy reforms in Mexico, CRE now has greater regulatory authority and a mandate to modernise the country’s power grid. The business case for smart grid infrastructure investment in Mexico is strong. Electricity losses can reach over 20% in some parts of the country due to high non-technical losses.
The country’s single state-owned utility Comisión Federal de Electricidad (CFE) is looking to smart metering and other smart grid investments to lower non-technical losses and achieve operational efficiencies. There are a number of local vendors well positioned to serve Mexico’s large-scale smart grid projects.
Mexico is targeting to install 30.2 million smart meters between 2015-2025, reported Technocracy. The efforts made to enhance Mexico’s grid systems have forced CRE to consider participation in regional and international organisations to ensure its grid system is in line with international smart grid standards.
The $10.9 billion investment is expected to be channelled in the country’s smart grid segments between 2015 and 2025. Ben Gardner, president of North East Group said the $10.9 billion will play a major role in ensuring that Mexico succeeds in deploying a large share of smart meters required to equip all consumers with the new metering system.
Mexico’s electrical power industry mainly offers opportunities for U.S. products, services, and technologies for energy efficiency, distributed generation, energy storage, small-scale renewable energy projects, and distribution networks. The U.S. Commercial Service Mexico is ready to assist you in exploring these opportunities in Mexico.
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