Investment in Green Hydrogen Ready to Take Off

Mexico is ready for green hydrogen investments. A shortage in rainfall casts doubt on hydroelectricity’s viability. Acciona Energy’s IPO was received positively. Read this and more in the week’s energy roundup!

Mexico

Is Excess Radioactive Waste a Concern for Laguna Verde?

Based on the 2017-2023 Radioactive Waste and Nuclear Fuel Management Plan, El Pais has reported that CFE’s nuclear power plant Laguna Verde is nearing the saturation of its nuclear waste and used uranium deposits. Even though the plan discusses procedures to promote a higher efficiency, no actions to reduce waste generation were included. In response, Mexico’s government argues this information is “false”. Regardless, experts stress that the country would do well to enhance its waste management strategy, especially if capacity is expanded.

Mexico’s Green Hydrogen Investment, Ready for Liftoff

The Mexican Hydrogen Association (AMH) reported that developing green hydrogen projects in the Mexican market could attract US$1.35 billion in investments, nevertheless, potential for hydrogen stretches far beyond this figure. Even though it is still early for hydrogen in the Mexican market, interest in the renewable technology could soon take off.

Natural Gas Storage Remains on the To-Do List

Mexico’s lack of hydrocarbons storage has long been identified as a pain point in the country. However, resolving this problem has proven to be difficult. Both public and private sector keep examining possibilities to fill the gap. Through the insights of MBN’s experts, the possibilities and challenges that lie ahead in this area become clear.

A public consultation process regarding economic reactivation, including storage, is available until July 8.

Concrete Producers Face Challenging Decarbonization

The largest cement producer in North America, Cemex, aims to cut its emissions by 40 percent before 2030. By 2050, it aims to be net zero. Reuters reports that the company will face significant challenges in this mission, however, as the sector proves to be difficult to decarbonize.

Lack of Rainfall Casts Doubts on Hydropower Investment

The investment needed to renovate Mexico’s hydroelectric power plants faces uncertainty due to factors such as lower rainfall and agricultural need for water, said the International Energy Agency (IEA) in an annual report examining hydropower on the entire continent. 

International

Acciona Achieves US$10.4 Billion Valuation for Energy Unit

Spanish infrastructure Acciona aimed for a valuation of US$10.5 billion when listing its energy arm, Acciona Energía, on the Madrid stock market. The listing of the company, which operates in Mexico as well, listed on July 1. Despite some minor reservations about the deal price, the offering was received positively by Acciona's executives as its valuation went slightly below the goal by reaching US$10.4 billion.

Irena Releases Word Energy Transitions Outlook

Accelerating energy transitions on a path to climate safety can grow the global economy by 2.4 per cent within the next decade, reports a new study from the International Renewable Energy Agency (IRENA).