Cuba energy storage industry

What is the energy source in Cuba?

[español] • [português] Oil and natural gas provide roughly 80% of Cuba's total energy supply, with biofuels and waste accounting for most of the remaining 20%. In 2020, 95.1% of electricity generated in Cuba came from non renewable resources and the remaining 4.9% from renewable sources (3% biomass, 0.8% solar, 0.6% hydro, and 0.5% wind).

Where does Cuba's energy supply come from?

Cuba’s energy supply mainly comes from oil products, accounting for over 80% of power generation.

Does Cuba have a domestic res industry?

Cuba is developing a domestic RES industry, including solar panels, wind turbines, hydro turbines, poles, and boilers for use in small bioelectric plants. This strategy is expected to enable Cuba to integrate domestic products into RES projects, thus reducing import costs and energizing the economy.

What are the major energy companies in Cuba?

UNE (Unión Eléctrica) is responsible for the generation, transmission, distribution, and commercialization of electrical energy. CUPET (Unión Cuba-Petróleo) is the state-owned oil firm and Cuba's largest oil company. Other companies operating in Cuba's energy sector include Energas, Inter RAO, Zerus, Havana Energy, and Siemens.

What percentage of electricity is generated in Cuba?

In 2020, 95.1% of electricity generated in Cuba came from non renewable resources and the remaining 4.9% from renewable sources (3% biomass, 0.8% solar, 0.6% hydro, and 0.5% wind). By 2030, Cuba aims to have 24% of electrical generation from renewable sources.

Does Cuba need a redesigned energy sector?

Concerns over Cuba's dependence on Venezuela are translating into the need for a fundamentally redesigned energy sector and more flexibility for investors. The pandemic has accentuated Cuba’s need to diversify and move from oil-generated energy to renewable sources of energy (RES).