‘Significant potential’ in Latin America for pumped hydro energy storage
Pumped hydro energy storage (PHS) holds significant potential for Latin America and the Caribbean (LAC) due to the region’s vast hydroelectric infrastructure, according to a new IDB study.
Colombia has unveiled a US$40 billion financing plan aimed at reducing its reliance on fossil fuels and promoting a low-carbon economy. This initiative includes projects focused on sustainable tourism, low-carbon industries, and the electrification of transportation, marking a significant step toward decarbonization. Source: Energy News
Brazil’s Vale and Green Energy Park (GEP) are collaborating to establish a green hydrogen production facility aimed at creating low-carbon steel products. The initiative will develop a “Mega Hub” industrial complex for international steel manufacturers to source and produce hot-briquetted iron (HBI). Source: MSN
Brazil is investing approximately US$1.09 billion to establish clean hydrogen hubs aimed at decarbonizing hard-to-abate industries. This initiative is part of a collaboration with the Climate Investment Funds (CIF) involving 15 industrialized nations. Source: Fuel Cells Works
