25 Years of EEX, Eyeing Future with Brazil
Two and a Half Decades of Power Transfer - EEX Zeroes In on Brazil's Energy Sector - Quarter-century of power provision - EEX eyes Brazilian market
Hey there! Let's chat about EEX, a power exchange based in Leipzig that's been around for 25 years now. They're not resting on their laurels, though; oh no, they've got their eye on the prize. That prize? Brazil, my friend. According to their CEO, Peter Reitz, Brazil is the next big market they're gunning for.
Why Brazil, you ask? Well, Europe's looking good, with plenty of potential in Scandinavia. Asia's not far behind, with Japan holding a lot of promise. But the real action seems to be in Brazil. "It's a big market with loads of potential," Reitz said. And he's not wrong.
But there are some markets where EEX isn't interested, mainly China. Why's that? Well, it's all down to regulations. You see, their market isn't exactly free and fair, which doesn't sit well with EEX.
Last year, EEX generated nearly 670 million euros in revenue, which is a 16% jump from the year before. They're now the world's largest power exchange, with Deutsche Börse AG owning around 75% of the shares and the state of Saxony holding 3%.
But let's talk about growth. EEX isn't content just sitting on their laurels. They want more, and they're getting it by diving headfirst into new markets. They're also looking to bring more power and gas from the over-the-counter market to the exchange, which should improve transparency and liquidity in energy markets.
And it's not just about the money. EEX has its sights set on the future, and that future is green. Specifically, they're looking at green hydrogen. This energy carrier, they believe, is crucial for making heavy industries like steelworks and chemical factories climate-neutral. They've already developed a trading platform for green hydrogen and have lined up some initial customers. By next year, they plan to host the first auction for green hydrogen trading.
So, there you have it. EEX is expanding its reach with Brazil at the top of their list, while also pushing forward with green hydrogen trading. They're aligning their business growth with the global energy transition towards decarbonization and climate-neutral industrial processes. It's an exciting time for EEX, and we'll be waiting to see what they come up with next.
- To support its growth and align with the global energy transition, EEX, the world's largest power exchange, is planning to provide vocational training in renewable energy sectors, specifically green hydrogen technology, to equip its workforce with the necessary skills for managing the new markets it's venturing into.
- In order to foster economic growth and address the changing global energy landscape, EEX is proposing strategic partnerships with both EC countries and Brazil, recognizing the potential of these markets in industries such as finance, energy, and vocational training, especially in the fields of green hydrogen production and trading.
