Quartux signals next-stage expansion as Mexico’s energy storage momentum builds

A turning point for Mexico’s energy storage market is set to be seen in 2026 due to the rising private-sector tenders. Quartux, which commands over 85 per cent of the commercial and industrial sector, is set to venture into utility-scale projects. However, this is only possible with robust financial backing, unique technologies and strategic partnerships that the country is preparing for a swift increase in market adoption in 2026.

Mexico's energy growth attributes

Mexico launched its latest tender, which targets 3.3 GW of renewable energy capacity and 1.2 GW of battery storage for private developers, marking this as a cornerstone moment for the country's energy storage sector. For Quartux, this tender, aside from providing new growth opportunities, shall also aid in strengthening its financial foundation as it ventures into the utility-scale market.

Diego Rasilla González, Chief Revenue Officer at Quartux, stated, “This tender is a major opportunity for the entire country. Names such as Iberdrola, Gemex and Copenhagen Infrastructure Partners are already being discussed. These are players involved in strategic projects that require around 30 per cent storage and we are ready to support them.”

In this context, Quartux may witness a growth spurt in Mexico’s energy storage market as they expect the growth will show results in the latter half of this year and continue into the first half of 2027.

Rasilla further anticipated, “The first six months of 2026 will be critical to kick off detailed engineering. Construction and commissioning of the systems will follow shortly afterwards.”

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Quartux's support for Mexico's energy

Quartux will invest over USD 1 billion and further claims no financial distress post-investment for the firm. This is mainly because the firm is willing to undergo a partnership with both private entities and the state-owned utility, Comisión Federal de Electricidad (CFE).

In addition to the investment, Quartux also shed light on its robust battery procurement capabilities, which enable competitive pricing and better control over logistics. These battery prices have dropped by about 15 per cent year-on-year and the company anticipates this trend will continue, due to the scale of its development pipeline.

However, navigating regulations is still deemed to be a huge challenge and the firm stresses the importance of fostering closer collaboration between the private sector and regulators to enhance market design, especially to ensure that the economic value of grid-support services provided by energy storage systems is properly recognised.

To this, Rasilla commented, “This flexibility must be compensated for both private investors and the electricity grids operated by CFE. In regions such as the Yucatán Peninsula, storage can stabilise the system and step in during outages, and that value needs to be recognised.”

International benchmarks like Texas have already rolled out over 6 GWh of battery storage, while California's installed capacity is more than three times that amount. Down in South America, Chile is making impressive strides, owing to a solid regulatory framework that sends strong signals to investors.

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Technology is further nudging the growth spur

Quartux’s core operations lie within its innovative, AI-powered software platform developed in Mexico, which has already racked up over a million hours of operation. This system is constantly evolving, learning from real-time customer usage patterns, grid changes and electricity demand.

Rasilla added, "This platform will eventually be able to predict critical hours and anticipate grid failures. It is so advanced that it will become a leading tool for the sector."

On the financial side, the firm has recently secured a strategic investment of USD 50 million from Ainda Energía e Infraestructura, which shall be playing a vital role in large-scale projects, particularly those associated with the latest renewable capacity tenders.

In the coming years, the company aims in the short and medium term for further rigorous growth. Its team has grown from just 10 to over 140 employees in just a few years, with ambitions to double both its workforce and investments annually. After investing USD 500 million in 2023, Quartux is now setting its sights on reaching USD 1 billion by 2026 and USD 2 billion by 2027.

Rasilla concluded, "Our goal is not only to lead the storage market, but to become a trusted player in Mexico’s energy sector and eventually across Latin America."

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