Cornex New Energy aims to increase its global production capacity and participation in Latin America, where it has already supplied 340 MWh for a large-scale storage project in Honduras and another 5 MWh BESS integrated into a floating solar installation.
The manufacturer is focusing its regional strategy on Brazil, Argentina, Chile, and Mexico , with lithium iron phosphate (LFP) battery solutions for utility-scale projects. It also plans to develop spare parts inventories and partnerships with local integrators to strengthen its supply chain.
“Our goal is to reach a production capacity of 570 GWh per year by 2027,” said Jeff Xu, general manager for the Americas region of Cornex New Energy, in dialogue with Energía Estratégica.
The company structures its commercial development in three geographic areas: North America, with the United States and Mexico; South America, through a “strategic triangle” made up of Brazil, Argentina and Chile; and Central America and the Caribbean, where it prioritizes Panama and the Dominican Republic.
Regarding growth prospects, Xu anticipates a greater concentration of opportunities in two of the main Latin American economies: “By 2030, we believe that Mexico and Brazil will lead the entire Latin American market due to their abundance of renewable energy and the number of projects installed.”
In Central America and the Caribbean, the company identifies opportunities associated with the development of photovoltaic solar generation, while seeking to expand its commercial coverage to include new storage projects.
The utility scale business currently represents the core of its offering , through large DC (direct current) solutions corresponding to the M5 and M6 models, with nominal capacities of 5 MW and 6.26 MW respectively, both in standard 20-foot containers
“Over the next three years, across the Latin American market, we should have 70% coming from utility scale and 30% from C&I, focusing on DC solutions for energy storage and battery supply,” said Jeff Xu.
On the technological front, Cornex maintains its specialization in LFP batteries , although it also researches alternatives based on sodium-iron. Its business model focuses on supplying direct current systems, without necessarily assuming the integration of all the components of an installation.
“This configuration allows us to incorporate equipment from different suppliers and adapt the solutions to the specifications of each project. We can customize every piece,” emphasized the general manager for the Americas region of Cornex New Energy.
Regional inventories and integrating partners: Cornex's next step
Supply chain localization will be another key driver of growth for Cornex in Latin America over the next three to five years. Their plan includes regional spare parts inventories and agreements with reliable integrators to meet customer needs.
“In the future, we will be able to guarantee immediate supply to our customers,” Xu says, although the company still envisions that capability as part of its future development.
The strategy aims to evolve from simply providing equipment to a commercial structure supported by local partners, capable of facilitating the integration of solutions across different markets. Under this model, Cornex will maintain its industrial specialization while remaining open to incorporating components from other manufacturers into projects.
Thus, the goal of 570 GWh per year by 2027 will be accompanied by a greater commercial presence in Latin America , with Mexico and Brazil as the markets with the greatest potential towards 2030, a South American axis also including Argentina and Chile, and expansion opportunities in Central America and the Caribbean.
By Florencia Guglielmetti
By Energía Estratégica
By Matías Medinilla
By Emilia Lardizabal
