Cuba s new energy storage quotation

Cuba's energy sector is at a crossroads. The country's mostly fossil fuel-fired energy system faces a number of longstanding and serious challenges, including breakdowns at aging power plants, decreasing fuel imports and fuel shortages, and the growing threat of climate change-related disruptions.

Over the past 10 years, Cuba has begun to embark on an energy transition. Recent shifts in law and policy create new and promising opportunities and indicate a desire on the part of Cuba's policymakers to transition to a cleaner, more climate resilient energy system.

Cuba's energy and agriculture sectors combined account for more than 90 percent of its greenhouse gas (GHG) emissions. “Biogas is hugely important for Cuba's energy security,” says Luis Cepero Casas, a researcher at the Indio Hatuey Experimental Station of Pastures and Forages, part of the University of Matanzas.

Further, according to Cuba's Minister of Economy and Planning, export earnings in 2023 were just $9.1 billion (down from $12 billion in 2019), missing the forecasted $9.9 billion.

“Biogas has become increasingly widespread in Cuba in recent years,” he explains. “The Movement of Biogas Users (MUB) is spread across the island, although most of the biogas plants today are found in Cuba's agricultural sector.

While inflation is estimated to have dropped to 30% in 2023, the price of food increased 78%. Residents of Cuba are expected to experience a new wave of inflation in 2024 following the government's announcement of a new austerity plan that will include price and tax increases and cuts in subsidies.