Energy
OCBC Bank commits $79M to support battery energy storage system project under MyBeST in Malaysia
OCBC Bank (Malaysia) Berhad said Thursday it has committed MYR 325 million ($79.48 million) in financing to support a utility-scale 100MW/400MWh Battery Energy Storage System (BESS) project under the Malaysian government’s Battery Energy Storage (MyBeST) Program.
Singapore completes solarization of Marina South Pier
The Maritime and Port Authority of Singapore (MPA) said Thursday it has completed the installation of a solar energy generation system at Marina South Pier (MSP).
FCC Philippines signs long-term solar deal with Peak Energy
FCC (Philippines) Corp., a subsidiary of Japan's FCC CO., LTD. has signed a long-term solar agreement with Singapore-based renewable assets operator Peak Energy to power its clutch systems facility in Laguna with onsite renewable energy.
US nuclear services firm EXCEL launches Vietnam subsidiary with offices in Hanoi, Ho Chi Minh City
The United States-based EXCEL Services Corporation has established EXCEL Services Vietnam, a new subsidiary supporting Vietnam's nuclear power development.
US-based T1 Energy acquires TOPCon solar patents from Singapore’s Evervolt for $135M
US-based solar manufacturer T1 Energy (NYSE: TE) has acquired foundational solar patents and other intellectual property from Singapore-based Evervolt Green Energy Holding for a total consideration of $135 million.
US to invest $2.5B in Southeast Asia, including AI initiative, $1.5B in 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.
US’s Apollo to invests $1.5B in Singapore’s Keppel offshore energy fund
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 cuts 3.8M tons of industrial CO₂ through cement clinker substitution
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 LSS6 a significant positive for Malaysia’s renewable energy ecosystem
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.
Analysts see silver lining from the Iran War for Malaysia’s renewable energy sector
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.
