Sembcorp Industries (Sembcorp) and the Energy Market Authority (EMA) has officially opened the Sembcorp Energy Storage System (ESS). With this, Sembcorp ESS has become Southeast Asia’s largest ESS spanning two hectares of land in the Banyan and Sakra region on Singapore’s Jurong Island. The facility was commissioned in six months with operations started in December 2022 ,said EMA in a statement. It has also become one of the fastest in the world of its size to be deployed, besides the largest in SouthEast Asia In a statement, EMA further said the utility-scale ESS with a maximum storage capacity of 285…
Author: Saur News Desk
A provider of energy infrastructure and services for electric vehicles (EVs), SUN Mobility, has announced that it has recently signed a strategic agreement with the Pilipinas Shell Petroleum Corporation. The partnership will explore the pilot deployment of SUN Mobility’s advanced battery-swapping technology in the Philippines for two and wheel-wheel electric vehicles. Philippines-based Pilipinas Shell Petroleum Corporation boasts of an expansive growing network of mobility stations and non-fuels retail offers, enabled by its integrated supply chain and corporate governance. The partnership between SUN Mobility and Pilipinas Shell Petroleum Corporation supports the recently passed Electric Vehicle Industry Development Act (EVIDA) that aims…
The commissioning of a new energy system for a marine industry service provider client recently in Loyang Industrial Estate, Singapore, is being announced by Cleantech Solar, a top supplier of renewable energy solutions to businesses in Southeast Asia and India. The system includes a 300 kWp solar photovoltaic (PV), Battery Energy Storage System (BESS), and Electric Vehicle Charging System (EVCS). This is Cleantech Solar’s first trial 3-in-1 project integrating an ESS and EV Charging System with solar PV, where the developer handles full turnkey financing, design, building, operation, and maintenance of the PV + BESS + EVCS under a long-term…
Energy Infrastructure Partners (EIP) has announced that it has raised €1 billion for the first close of its global energy transition infrastructure fund. The majority of the investment commitments come from the Swiss pension funds. Credit Suisse Investment Foundation contributed EUR 700 million of the total commitments. The funds are likely to be invested in projects in Western Europe only. EIP delves in the construction and development of energy transition assets in Switzerland and Europe and other developed economies of the world. EIP maintains that its strategy for investment revolves around the creation of assets necessary for carbon-free energy, energy…
The largest building materials player of Thailand – Siam Cement Group (SCG) – has now come up with a comprehensive investment plan for the coming five years. The key feature this time is that it has special focus on the environmental aspect of the businesses of SCG and the company looks to strive faster towards the employment of renewable energy to shift the present business style of SCG to a ‘circular’ one. SCG has specifically announced in its investment plans that it will be investing 100 billion baht or $2.89 billion until 2027 end in venues like renewable energy. This…
In Mindanao, the Philippines, a 49 MW battery storage system has been installed at a floating diesel power plant. The 100 MW power barge’s diesel engines’ ramping time was decreased from 15 minutes to just three thanks to the integration of the battery energy storage system (BESS). Therma Marine Inc (TMI), which owns and operates the power plant, will experience fuel cost savings and reduced emissions thanks to the BESS. TMI is also contracted to offer ancillary services to the regional grid. TMI is a division of Aboitiz Power, which produces, distributes, and sells electricity in the Philippines from a…
In Indonesia, a state-owned power firm and ACWA Power will collaborate to look into prospective energy storage and green hydrogen projects. Recently, ACWA Power, a Saudi Arabia-based developer and investor in renewable energy and infrastructure, announced the signing of a Memorandum of Understanding (MoU) with PT Perusahaan Listrik Negara (PLN), Indonesia’s sole electricity generator and monopoly distributor. About two-thirds of Indonesia’s entire electric power production fleet, with a total portfolio of 65.5GW, is operated or owned by PLN, the nation’s sole buyer of energy produced by IPP assets. The partnership between the two will look into several potential projects, including…
Indonesia is now bullish on a national plan with regards to renewable energy. The country is looking to accomplish the plan in six months manifesting investments that will expedite the country’s transition to renewable energy from fossil fuel-based power supply. As per reports, the new plan is part of the $20 billion Just Energy Transition Partnership (JETP) deal that Indonesia has signed with countries involving public and private financing of renewable projects. The deal was signed recently at the G-20 Summit in Bali with countries like USA and Japan. The plan is expected to allow Indonesia for smooth energy transition…
Baker Hughes, an American international industrial service company, which is also among the world’s largest oil field services firms, has joined forces with Petronas, a Malaysian oil and gas company through an MoU. The agreement will pave the way for partnership between the two firms on industrial and oil and gas AI technologies. The partnership has been established to facilitate the energy sustainability goals of Petronas. The agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference 2022. “The complex challenges of the energy transition require new forms of collaboration. Digital technologies will be an important part of…
ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal plant in Batangas, the Philippines. As part of the ETM structure, the coal plant’s operating life of up to 50 years will be cut in half, as ACEN commits to retire and transition the plant to a cleaner technology by 2040. The move is expected…