AGP Executive Report
Last update: 5 hours agoEnergy & Infrastructure: PREPA’s governing board authorized a 100MW/400MWh four-hour battery contract for Yabucoa Energy, moving the project through procurement after the Puerto Rico Energy Bureau required contractual corrections and long-term capacity conditions; the deal still needs review by the Financial Oversight and Management Board before execution. SME Tech Adoption: The United Retailers Center (CUD) says Puerto Rico SMEs are using AI at a basic level—mainly for simple questions and research—while “agentic” automation is still not widely implemented. Tourism & Housing Development: Puerto Rico broke ground on the $6.1M Hotel Ojo de Agua in Rincón, funded with CDBG-DR money, targeting 16 rooms and about 46 direct jobs over an estimated 365-day build. Fintech & Payments: Arival Bank launched a new Visa card platform that lets customers spend from a single USD balance funded by both crypto and fiat, powered by Rain’s stablecoin payments tech. Business & Capital Markets: Shareholder-rights firm SBS Law reminded investors about a Flotek Industries securities fraud class action tied to Flotek’s Puerto Rico Electric Power Authority (PREPA) power generation project; the lead-plaintiff deadline is Oct. 26. Disaster Readiness: Grainger’s fifth annual Bucket Build will deploy disaster relief kits to communities including San Juan, Puerto Rico.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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