Power Utility
Energy demand transformation could lead to $2t in annual savings
Energy demand transformation could lead to $2t in annual savings
This will also reduce energy intensity by 31%.
GIC and Sterlite Power for JV for power transmission platform in India
Sterlite will have a 51% stake, whilst GIC will hold 49% interest.
India bolsters renewable grid with energy storage systems
ESS will drive investment in India's expanding renewable grid.
Majority of energy companies to invest in employee capabilities
Talents should also be prioritised amidst technology investments.
Digital transformation boosts profits for 72% of energy sector businesses
They employ low code/no code or cybersecurity systems.
Australia launches Solar Sunshot Programme to boost solar PV manufacturing
The programme has $652.5m in funding.
RATCH Group's Australian subsidiary inks 10-year PPA with ZEN Energy
The Collector Wind Farm and Starfish Hill Wind Farm will supply electricity to ZEN Energy.
Saudi Arabia and Kazakhstan ink partnership for energy cooperation
It will cover the areas of renewables, oil, natural gas, and electricity, amongst others.
Stonepeak invests in APAC onshore energy wind platform
It will hold 80% in TerraWind Renewables.
Japan's LNG demand plummets amidst energy shift
Japan's transition towards renewable energy contributes to a significant decline in LNG consumption.
South Korea sees additional $17b in electricity costs due to fossil fuel reliance
LNG accounts for 26.8% of the country’s power mix.
Offshore wind capacity in South Korea and Japan to surpass onshore installations
However, their offshore capacity is expected to only exceed 200 MW in 2025.
South Korea's wind capacity to exceed Japan's by 2033
The country’s wind installation is expected to reach 13.1 GW.
First Gen's net income up 4% to $277m in 2023
This is despite a 7% decline in revenue.
AGL launches new platform for improved energy billing
The channel aims to promote use of solar, battery, heat pump hot water and electric vehicles.
DOE issues electrification roadmaps for distribution utilities
The aim is to prioritise unserved and underserved areas nationwide with consistent supply.
Disproportionate investments in energy transition favour developed countries
The 120 developing nations only secured 15% of the total investments in renewables.
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