What Thermion does

Thermion (legal entity THERMION ENERGY SERVICES, S.A.P.I. de C.V.) is a privately-held Mexican renewable energy developer and operator, founded in 2013 and headquartered in Miguel Hidalgo, Mexico City. The company develops, finances, constructs, and operates utility-scale solar and wind generation assets and supplies 100% renewable electricity to commercial and industrial businesses in Mexico through long-term power purchase agreements (PPAs) with terms up to 20 years at inflation-adjusted tariffs priced in pesos or US dollars.

Its operating portfolio centers on the 117 MW Delaro wind farm in Reynosa, Tamaulipas — built with 27 Siemens SG 4.5-145 wind turbines manufactured in Mexico with locally produced blades and towers — and the 12 MW Sol de Sonora solar park in Hermosillo, Sonora (preconstruction), with the 171 MW Los Molinos wind farm in Tamaulipas in earlier-stage development. The combined installed and planned capacity is 129 MW today, against an internal 1,000 MW target by 2021 and a $1.4 billion investment plan by 2020 funded primarily through a 7,306 million peso CKD placement on the BMV in June 2017 and a financing partnership with Siemens Financial Services.

Thermion serves medium- and high-voltage commercial and industrial customers (monthly energy spend above $2 million MXN or above 1,000,000 kWh) in segments including beverage manufacturing (notably Arca Continental), restaurant groups, industrial/manufacturing firms, and hotels, offering 10-30% savings versus CFE tariffs. Its go-to-market is direct enterprise sales supported by a website-based fee calculator for lead generation. Operations follow the Equator Principles, and the firm complements its core business with ESG initiatives such as a Technology Classroom program in Sonora.

Name

Thermion

Legal name

THERMION ENERGY SERVICES, S.A.P.I. de C.V.

Website

https://thermion.mx

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Thermion is a Mexican renewable energy developer that builds, finances, and operates wind and solar farms, supplying 100% renewable electricity to medium- and high-voltage commercial and industrial businesses in Mexico via long-term PPAs at 10-30% savings versus CFE tariffs.

Ownership category

akta.pro rank

Headquarters

HQ city

Miguel Hidalgo

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Energy Supply: Supply and generation of 100% renewable electricity to businesses through long-term power purchase agreements. Revenue is generated from electricity supply contracts with terms up to 20 years, offering savings of 10-30% compared to CFE rates. 100% of Delaro's 117MW capacity is already committed and sold to Mexican and international companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Thermion is a 100% Mexican independent power producer that supplies and generates renewable electricity for commercial and industrial businesses in Mexico. It develops, finances, constructs, and operates wind farms and solar parks (Delaro, Los Molinos, Sol de Sonora) and delivers 100% renewable electricity to medium- and high-voltage customers through long-term power purchase agreements of up to 20 years, priced 10–30% below CFE tariffs.

Product overview

Thermion is a 100% Mexican renewable energy company that develops, finances, constructs, and operates solar and wind energy projects for businesses. The company operates a portfolio of solar and wind farms including the Sol de Sonora Solar Park (12 MW), Delaro Wind Farm (117 MW), and Los Molinos Wind Farm (171 MW planned). Thermion provides clean electricity supply services to commercial and industrial clients at rates 10-30% lower than CFE tariffs, with service contracts of up to 20 years. The company also offers a Fee Calculator tool for prospective clients to estimate energy costs based on consumption and location.

Differentiator

Problem solved

Functional benefit

Products and services

• Sol de Sonora Solar Park 12 MW solar photovoltaic park in Hermosillo, Sonora supplying renewable electricity under long-term PPAs; 30,040 MWh annual generation; targets commercial and industrial customers in Mexico.
• Delaro Wind Farm 117 MW operational wind farm in Reynosa, Tamaulipas, using 27 Siemens SG 4.5-145 turbines, supplying 479,400 MWh/year of renewable electricity under long-term PPAs to commercial and industrial customers.
• Los Molinos Wind Farm Planned 171 MW wind farm in Tamaulipas, part of Thermion's renewable energy project pipeline for commercial and industrial electricity supply.

Quantifiable outcome

• 10-30% savings on electricity costs compared to CFE rates
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor and core.

• The Pale Blue DotminorStrategic or Co-development Partner · 6 September 2019Strategic alliance to install Thermion's first Technology Classroom in Miguel Alemán, Sonora. The project equipped a primary school with 40 tablets, two VR glasses, and an intelligent server using The Pale Blue Dot's Kumu Kali education technology platform. Initiative focuses on social investment in education for low-income communities near Thermion projects.
• Arca ContinentalcoreOthersArca Continental is a major energy buyer sourcing renewable energy from Thermion. The beverage company plans to achieve 70% renewable energy consumption in Mexico by 2021, with Thermion as one of the wind energy suppliers being considered for their plants.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Enel Green Power México: Subsidiary of Enel Group operating utility-scale wind and solar generation in Mexico under long-term PPAs. Comparable offering (renewable generation, PPA structure, C&I customers) but with the financial and operational scale of a global utility incumbent.
• Comisión Federal de Electricidad (CFE): Mexican state-owned electric utility that is the dominant supplier and whose tariffs define Thermion's pricing benchmark (10–30% savings vs. CFE). Not a direct competitor for renewable PPAs in the same way, but the central reference point for Thermion's value proposition.
• Acciona Energía Mexico: Global renewable energy developer and operator with significant wind and solar capacity in Mexico, supplying through PPAs and wholesale markets. Larger, more diversified incumbent whose Mexico operations compete with Thermion for project sites, offtakers, and grid interconnection.
• ENGIE México: French multinational utility with renewable (wind, solar) and conventional generation in Mexico, supplying electricity to industrial and commercial customers via PPAs and the wholesale market. Overlaps with Thermion in generation technology and C&I customer focus.
• Iberdrola México: Spanish-headquartered global utility with substantial generation capacity in Mexico, including wind farms serving C&I customers. A broad incumbent that competes with Thermion on project development, financing terms, and PPA pricing in the Mexican market.

Direct peers

• Zuma Energía: Mexican independent renewable energy IPP developing wind and solar projects and selling power under long-term PPAs to corporate and industrial offtakers. Highly comparable to Thermion in geography (Mexico), business model (independent IPP, no retail), and customer segment (C&I / corporate PPAs).
• Vive Energía: Mexican renewable energy supplier marketing clean electricity to commercial and industrial users under long-term contracts, similar in go-to-market and customer profile to Thermion. Comparable mid-size independent renewable supplier in the Mexican C&I market.
• Atlas Renewable Energy: Independent renewable energy IPP focused on Latin America (with major Mexico presence) developing, financing, and operating solar and wind projects under long-term PPAs with C&I customers. Closest direct comparable to Thermion's model of a non-utility IPP selling contracted renewable energy to industrial buyers in Mexico.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thermion
• Instagraminstagram.com/thermionenergy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thermion