July 5, 2024
LATAM Highlights
Brazil
Real slides post Lula’s remarks on exchange rate, central bank (Valor Internacional)
Colombia
Avianca readies US IPO under veil of confidentiality (Reuters)
Argentina
Argentina in “Phase 2”: all red numbers as economic plan progresses (Merco Press)
Chile
BASF nixes Chile investment plans amid lithium price plunge (Merco Press)
Panama
Red Sea, Panama Canal crisis hikes freight costs, extends trade routes (América Economía)
Ecuador
Ecuador appoints Antonio Goncalves as new energy and mines minister (Reuters)
Venezuela
Venezuela opposition lauds Maduro’s US dialogue initiative (AP News)
Bolivia
Bolivia eyes oil, gas investment, seeks Russia's aid on energy crisis (Reuters)
Notable Transactions
Shale drillers SM Energy and Northern Oil and Gas agreed to acquire assets in Utah’s Uinta Basin from XCL Resources for $2.6B in cash.
The Westly Group closed a $100M seed VC fund to invest in energy, climate, and industrial startups.
Billionaire Xavier Niel offered to buy out other shareholders of Millicom International Cellular in a deal that values the LatAm telecom at ~$4.1B
Brazilian water utility Sabesp's privatization plans drew demand for over $5.3B worth of shares.
Essential Read
AI is driving demand for data centers, straining global energy grids. By 2034, they’ll consume 1,580 TWh, potentially doubling their energy use to 4% of the global total. Read more in Bloomberg's The Big Take.
Podcast Spotlight
In this episode of Factor This!, Michael Smith, CEO of CPower, explains the technology and market potential of virtual power plants. Discover how VPPs can save utilities billions and the critical markets to watch.
Stat of the Week
Visual Capitalist's infographic shows how nuclear power, with a 93% capacity factor, can meet the growing electricity demand from data centers and AI by 2026.
Our LinkedIn Updates and Posts
- Tech giants seek to buy nuclear power directly, potentially straining grid resources critical for broader energy needs. Click to learn more.
- Europe faces a shortage of skilled workers crucial for nuclear reactor construction, hindering energy transition efforts. Read more here.
- A Danish firm tests nuclear power in Switzerland due to domestic restrictions, sparking discussions on cross-border energy innovation. Learn more.
Meme of the Week
