About the Company
The Laguna Verde Nuclear Power Plant (LVNPP) is located on the coast of the Gulf of Mexico, in Alto Lucero, Veracruz, Mexico. It is the only nuclear power plant in Mexico and produces about 4.5% of the country's electrical energy. It consists of two GE Boiling Water Reactors, also known as a BWR-5 reactor, each one with an installed capacity of 682 MW using low enriched uranium (3%) as fuel. Unit-1 (U-1) started its operation on July 29, 1990. Unit-2 (U-2) started its operation on April 10, 1995. Initial architects in 1975 for the plant were Burns and Roe Inc, and later Ebasco Services designed and supervised the project. The steam turbine and other components were manufactured by Mitsubishi Electric. The plant is owned and operated by Comisión Federal de Electricidad (CFE), the national electric company owned by the Mexican government. Laguna Verde has been considered a strategic facility for the National Power System (SEN) due to its high power generation capacity, lowest operating cost, and frequency and voltage regulation capacity. All the electric power generated is delivered to its single client, the National Energy Control Center (CENACE). CENACE is entrusted with planning, directing, and supervising the transmission and distribution of electric power to end users. CENACE has classified LVNPP as Base Load Power Plant since the beginning of its operations. The annual generation average for LVNPP starting 2005 to 2010 has been 10.5 TWh, electric energy sufficient to meet the demand of more than 4 million inhabitants. In 2020, the Ministry of Energy authorized the operating license extension of unit 1 for an additional 30 years, to a 60-year lifetime until 2050.
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Latest News on Verde Clean Fuels, Inc.
Verde Clean Fuels, Inc. Announce Completion of Business ... - Nasdaq
Verde Clean Fuels, Inc. is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, municipal solid waste and mixed ...
Verde Clean Fuels, Inc. Reports 2023 Results - Business Wire
Verde Clean Fuels, Inc. is a renewable energy company focused on the development of commercial production plants to convert syngas, derived from diverse feedstocks including biomass or stranded or ...
Verde Clean Fuels, Inc. Reports Q2 2025 Results - Seeking Alpha
HOUSTON -- (BUSINESS WIRE)-- Verde Clean Fuels, Inc. (VGAS) today reported results for the second quarter and first half of 2025.
Verde Clean Fuels, Inc. Announces Appointment of Chief Financial Officer
Verde is a clean fuels company focused on the deployment of its innovative and proprietary liquid fuels processing technology through development of commercial production plants. Verde's syngas-to ...
Verde Clean Fuels, Inc. Reports Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)-- Verde Clean Fuels (VGAS), Inc. (“Verde” or “the Company”) (NASDAQ: VGAS) today reported results for third quarter 2024. “We remain focused on our plans to ...
Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by ...
HOUSTON, December 19, 2024--Verde Clean Fuels, Inc. ("Verde" or, the "Company") (NASDAQ: VGAS) announced today the entry into a stock purchase agreement with Cottonmouth Ventures, LLC ...
Verde Clean Fuels, Inc. Announces Appointment of Chief Financial ...
George Burdette joins Verde leadership team bringing more than 15 years of financial, commercial, corporate development, and investment management experience Verde Clean Fuels, Inc. (“Verde ...
Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity ...
Verde Clean Fuels, Inc. announced today the closing of the previously announced $50 million equity investment by Cottonmouth Ventures, LLC, a wholly-owned subsidiary of Diamondback Energy, Inc..
Verde Clean Fuels, Inc. Announce Completion of Business Combination ...
Verde Clean Fuels, Inc. is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, municipal solid waste and mixed ...
Verde Clean Fuels, Inc. Reports Third Quarter 2024 Results
HOUSTON, November 13, 2024 -- (BUSINESS WIRE)-- Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ: VGAS) today reported results for third quarter 2024. "We remain focused on our plans to ...
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