Energy

LS Eco Energy, under South Korean chaebol LS Group, will invest KRW64.86 billion ($49 million) in building a new production line for medium-sized ultracapacitor cells at its Vietnamese subsidiary, LS Cable & System Vietnam.

The Ministry of Energy, Trade and Industry (METI) and Energy Market Authority (EMA) have on Monday launched three schemes to support the development of a strong pipeline of local expertise in nuclear energy in Singapore.

Singapore and Malaysia have renewed an energy cooperation agreement to strengthen technical collaboration on solar power, energy storage systems, renewable energy certificates and cross-border electricity trading, supporting regional power grid integration and the transition to cleaner energy, the duo said on Monday. 

Singapore's Energy Market Authority (EMA) has granted conditional approval to Sembcorp Utilities as the designated importer for the 1.3-GW Vietnam-Malaysia-Singapore renewable electricity initiative.

The Singapore Economic Development Board (EDB) has appointed three power generators, Keppel Energy, Sembcorp Utilities, and Tuas Power Generation, as biomethane aggregators under Singapore's 300-MW regulatory sandbox.

Singapore has launched a S$143 million ($112 million) funding initiative to speed up the development and commercialization of low-carbon technologies for industry.

Vietnam National Industry-Energy Group (Petrovietnam or PVN) and Denmark's Copenhagen Infrastructure Partners (CIP) have signed an agreement to develop the Nam Trung Bo 1 offshore wind project in Vietnam's south-central region.

Singapore and Sweden will deepen cooperation on clean energy technologies, including hydrogen, ammonia and high-voltage direct current (HVDC) systems, as both countries seek to advance the energy transition and strengthen regional electricity interconnectivity.

Vietnam's Ho Chi Minh City management board for export-processing zones and industrial parks (HEPZA) has asked the municipality to review and unify power-price guidance for an AI data center at Tan Phu Trung Industrial Park.

The Siam Cement Group (SCG), a major industrial conglomerate in Thailand, will soon resume operation of the $5-billion Long Son Petrochemicals (LSP) complex in Vietnam.