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Blockchain – Enable Energy Trading in Asia

The Asia region is set to match North America and Europe in the area of blockchain-based energy trading with the expanding market interest in a number of innovative projects involving distributed ledger technology (DLT). From Singapore to Japan, the markets are embracing blockchain-based energy trading opportunities. Early global energy blockchain leaders, including Australia's power ledger and LO3 Energy o ...

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$3 Billion Investment in Gigafactory?

A Thai-based renewable energy technology company, Energy Absolute, plans to invest $3 billion in a battery 'gigafactory', hedging on Southeast Asia’s uptake of electric vehicles and smart grids. The factory's development plan is divided into two phases. The first features a plant with a production capacity of 1GWh, which is slated to open in Q3 of 2019. Energy Absolute is expected to finance an investment o ...

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Smart Technology Will Improve Peoples Lives!

Solutions such as ride-hailing services, data-driven transit planning, intelligent traffic systems, data-driven disaster risk assessments and smart energy meters, could save lives, add jobs, reduce living costs and curb emissions in cities across Southeast Asia, according to a recent study by McKinsey Global Institute, the research arm of the global consulting firm. In the study's findings, released earlier ...

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CEFC Support Origins Smart Meter Business in Australia

The new owners of Origin Energy’s smart meter business have won the backing of the federal government’s Clean Energy Finance Corporation, in the green bank’s first financing of what will be a key technology in an increasingly distributed solar and storage-based energy market. The CEFC said on Tuesday it had committed $35 million of debt finance to the expansion of intelliHUB – a joint venture between Pacifi ...

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Upside Energy Win Ashden Award

Upside Energy wins prestigious Ashden Award for its Virtual Energy Store™ Solution reduces reliance on fossil power and facilitates greater deployment of renewables June 15th 2018 - Upside Energy has won the 2018 Impax Ashden Award for Energy Innovation for its ground-breaking approach to balancing the grid. Its Virtual Energy Store™ shifts electricity use in line with demand by aggregating fl ...

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Worlds First Grid-Scale Liquid Air Energy Storage Plant

Highview Power launches world’s first grid-scale liquid air energy storage plant True long-duration energy storage addresses challenges of rising energy demand and balancing the grid The world’s first grid-scale liquid air energy storage (LAES) plant will be officially launched today. The 5MW/15MWh LAES plant, located at Bury, near Manchester will become the first operational demonstration of LAES technolog ...

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Smart Cities to $2 Trillion by 2025

Frost & Sullivan’s experts anticipate that smart cities will create huge business opportunities with a global market value of over $2 trillion by 2025. Artificial intelligence, personalized healthcare, robotics, and distributed energy generation are among the technologies that will drive growth, efficiency, connectivity, and urbanization in the future, according to Frost & Sullivan’s studies. “The c ...

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Asia’s Fuel Cell Market Continues to Grow

The global fuel cells market is envisaged by seasoned analysts to grow in prominence due to the need to replace conventional sources of electric energy and rising demand for green energy technology. Besides being a clean source of electric energy, fuel cells are considered to be more efficient than combustion engines. Their supply of emission-free power has earned them a speedily growing demand in commercia ...

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Tesla Turns 50,000 Homes into Power Plants

Some 50,000 homes in South Australia will receive solar panels and Tesla batteries, the state government announced on Sunday (Feb 4), in a landmark plan to turn houses into a giant, interconnected power plant. South Australia is already home to world's biggest battery in an Elon Musk-driven project to provide electricity for more than 30,000 homes. The state government has since been looking for more ways - ...

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Will Malaysia Win Asia’s Smart City Race?

THE emerging trend of countries progressing towards smart cities is ever-growing. The all-encompassing aim of a smart city is to enhance the quality of living for citizens through smart technologies. And with an estimation that 66 percent of the world’s population will be living in cities by 2050, the importance of creating an improved system is crucial. Through the enabling of local development and harness ...

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