October 11, 2024
LATAM Highlights
Brazil
Brazil announces over $1B in funding for clean hydrogen initiatives (Hydrogen Insight)
Colombia
Ecopetrol's gas discoveries in Colombia could transform the industry (Yahoo Finance)
Argentina
Argentina’s Javier Milei states his 'freedom regime' will maintain currency controls for now (Financial Times)
Chile
Danish CIP launches construction of a 1,100 MWh battery storage project in Chile (América Economía)
Peru
Peru plans interest rate cut as inflation falls below 2% (Bloomberg)
Ecuador
Ecuador replaces energy minister following daily power outages of up to 10 hours daily (América Economía)
Venezuela
ConocoPhillips receives US licenses to recover debt from Venezuela (Bloomberg)
Guyana
Exxon aims to increase oil production in Guyana (Oil Price)
Mexico
Mexico’s Sheinbaum plans to increase federal control over energy giants (Bloomberg)
Notable Transactions
Brazilian payments fintech Barte secures $8M Series A led by AlleyCorp
Global miner Rio Tinto agreed to buy Arcadium Lithium for $6.7B cash
Blue Energy, a startup developing modular nuclear power plants in shipyards, raised $45M in a Series A led by Engine Ventures and At One Ventures
Form Energy, a US company developing a longer-lasting alternative to lithium batteries, secures $405M to advance its 100-hour battery
Essential Read
The Financial Times discusses how advancing energy storage technologies, from pumped hydro to thermal systems, is crucial for achieving climate goals and ensuring grid stability.
Podcast Spotlight
In The Journal podcast, the deal between Microsoft and Constellation Energy to restart Pennsylvania’s Three Mile Island is discussed, aiming to support Microsoft's expanding AI needs.
Stat of the Week
The Visual Capitalist graphic highlights which countries lead in carbon capture capacity, with the U.S. and Brazil accounting for 60% of global capacity in 2023.
Our LinkedIn Updates and Posts
- Learn more about how addressing AI's energy needs will require coordinated government action.
- Latin America is preparing for a clean hydrogen boom despite obstacles. Find out more here.
- The Wall Street Journal notes that while the IEA expects strong renewables growth by 2030, climate targets remain unmet. Learn more in the full article.
Meme of the Week
