Energy

The United States is investing more than $2.5 billion in Southeast Asia, headlined by a new artificial intelligence (AI) initiative to export American AI technology across the region and a $1.5 billion platform to build out energy infrastructure.

The United States-based alternative asset manager Apollo (NYSE: APO) will invest $1.5 billion through Apollo-managed funds and affiliates into Keppel Ltd.'s Keppel Offshore Fund (KOF), a portfolio of offshore energy assets managed by Singapore's Keppel (SGX: BN4).

Thailand has reduced more than 3.8 million tons of carbon dioxide (CO₂) equivalent since 2019 through clinker substitution in the Industrial Process and Product Use sector, delivering results ahead of the country's Nationally Determined Contribution (NDC) roadmap timeline

Analysts view the sixth phase of the Large Scale Solar program (LSS6) as a significant positive for Malaysia’s renewable-energy ecosystem, which is now shifting towards hybrid solar-plus-storage projects.

The Iran War has provided a silver lining for renewable energy (RE) in Malaysia due to rising grid power cost as a result of higher fuel prices (coal and Tier 2 gas) which has improved the economics for RE and driven stronger demand for RE as a cheaper alternative among consumers, analysts said in recent reports.

Malaysia will launch its sixth Large-Scale Solar (LSS6) program, offering 2,500 megawatts (MW) of solar generation capacity integrated with battery energy storage systems (BESS), as the government steps up efforts to accelerate the country's energy transition and expand renewable energy capacity.

Fulian Precision Technology Component Co., Ltd., a wholly-owned Vietnamese subsidiary of Taiwan's Foxconn, has registered electric vehicle (EV) charging station manufacturing as a new business line and increased its charter capital by VND402 billion ($16 million).

Indonesia state-owned PT Danantara Investment Management (DIM), together with PT Daya Energi Bersih Nusantara (Denera), have designated the selected partners in the selection process for business partners to develop and operate Batch II of Indonesia’s Waste-to-Energy (WtE) or Pengolahan Sampah Menjadi Energi Listrik (PSEL) projects.

Singapore's Energy Market Authority (EMA) and Japan's Electricity and Gas Market Surveillance Commission (EGC) will strengthen collaboration on energy market regulation, promote information exchange on gas and electricity markets, and facilitate knowledge sharing on market surveillance approaches, regulation design, and system stability measures.

Malaysia-based clean energy solutions provider Gentari, through Gentari Renewables Sdn Bhd, has successfully deployed a 3.1 megawatt-peak (MWp) solar photovoltaic (PV) system at Kuala Lumpur International Airport 2 (KLIA2).