Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

S’pore should consider standby diesel fuel facility to boost energy security: Industry experts

SINGAPORE – Singapore should consider setting up a strategic reserve facility for diesel, an important alternative fuel for power generation, industry sources said. Power security has emerged as a key issue in the wake of the Ukraine conflict, and has once again turned the spotlight on energy security here in Singapore, which depends on imported […]

BayWa r.e. Eyes Expansion of Standalone Power Systems in Australia

PERTH, W AUSTRALIA, Sep 29, 2022 – (ACN Newswire via SEAPRWire.com) – BayWa r.e., the global energy developer, service provider, and distributor, is looking to expand its offering on Standalone Power Systems (SPS) to more regions in the State of Western Australia, and in the future, nationally, to different market sectors that require remote or […]

MHI and Institut Teknologi Bandung Launch Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in Indonesia

TOKYO, Sep 28, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Indonesia’s Institut Teknologi Bandung (ITB) to conduct joint research and development of ammonia-fired power generation by gas turbine. MHI and ITB have already been undertaking joint research on a variety of clean energy solutions to […]

Keppel, MHI and DNV Sign Agreement to Explore Adoption of Ammonia-fired Gas Turbine on Jurong Island

TOKYO, Sep 28, 2022 – (JCN Newswire via SEAPRWire.com) – In a Memorandum of Understanding (MoU) signed yesterday, Keppel New Energy Pte Ltd, a wholly owned subsidiary of Keppel Infrastructure; Mitsubishi Heavy Industries, Ltd. (MHI); and DNV, a global independent energy expert and assurance provider, announced a strategic collaboration to explore the feasibility and implementation […]

High prices could deepen demand destruction in energy markets: Expert

SINGAPORE – Energy prices have soared globally this year but could face downside pressure in 2023 as prolonged high prices are expected to deepen demand destruction. This is the view of Mr Saugata Saha, president of S&P Global Commodity Insights, on the sidelines of the Asia Pacific Petroleum Conference, which kicked off in Singapore on Monday. It […]

New UK finance minister seeks end to ‘cycle of stagnation’

Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, Wednesday, Sept 7, 2022 for the first cabinet meeting since Liz Truss was installed as British Prime Minister a day earlier. (ALBERTO PEZZALI / AP) LONDON  –  New British finance minister Kwasi Kwarteng will detail close to 200 billion pounds ($225 billion) […]

Hitachi Energy to support major renewable electricity transmission between Canada and New York City

ZURICH, SWITZERLAND, Sep 21, 2022 – (JCN Newswire via SEAPRWire.com) – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it was selected by Transmission Developers Inc., a Blackstone portfolio company specialized in renewable power development, to supply a high-voltage direct current (HVDC) converter station that is […]

Solar financing programme helps businesses and homeowners make every rooftop count

In sunny, equatorial Singapore, solar energy is the most promising source of clean energy – and businesses are looking upwards. “In recent years, there have been more and more customers – in particular, smaller small and medium-sized enterprises (SMEs) – who are keen on adopting solar energy,” says Mr Albert Lim, founder and managing director […]

SEA Solar & Energy Storage Leaders to Gather in Thailand Later Next Month

BANGKOK, THAILAND, Sept 14, 2022 – (ACN Newswire via SEAPRWire.com) – SEA’s 2025 target to have 35% of total power capacity from renewable energy sources is expected to be supported by the strong solar and Energy Storage sector growth. How exactly should the quota availability be matched? Energy Box are organizing Solar Energy Storage Congress […]