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This collaboration focuses on leveraging the Direct Power Purchase Agreement (DPPA) Mechanism via National Grid to suppl...
24/01/2025

This collaboration focuses on leveraging the Direct Power Purchase Agreement (DPPA) Mechanism via National Grid to supply Solarvest and PECC2 with a large amount of green electricity for EVM’s operations in Vietnam. This will facilitate sustainable energy projects and drive Vietnam’s clean energy transition.

A Memorandum of Understanding (MoU) has been signed between, Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest), and Power Engineering Consulting Joint Stock Company 2 (PECC2), marking the start of a strategic partnership aimed at accelerating the adoption of a...

STACK’s 220MW flagship Johor Bahru campus spans 10.8 hectares and will feature two facilities totaling 1 million square ...
14/01/2025

STACK’s 220MW flagship Johor Bahru campus spans 10.8 hectares and will feature two facilities totaling 1 million square feet, designed to support cloud and AI/ML workloads.

STACK Infrastructure, the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, today announced its entry into Malaysia, recognized as the fastest-growing data center market in Asia-Pacific​​. The new 220MW campus i...

This reclassification, effective 13 January 2025, was highlighted during the Renewable Energy Sub-sector Launch Event he...
13/01/2025

This reclassification, effective 13 January 2025, was highlighted during the Renewable Energy Sub-sector Launch Event held today at Bursa Malaysia, following the Bursa Announcement on 8 January 2025.

Sustainable energy solutions specialist Kinergy Advancement Bhd (KAB) Group proudly announces its successful reclassification under Bursa Malaysia’ newly introduced Renewable Energy Sub-sector within the Energy and Utilities sector. This reclassification, effective 13 January 2025, was highlighted...

This new investment builds on GE Vernova’s 2019 commitment to invest up to US$60 million over 10 years to establish the ...
07/01/2025

This new investment builds on GE Vernova’s 2019 commitment to invest up to US$60 million over 10 years to establish the Global Repair Service Center in Singapore as a world leader in power generation technology, repairs, and innovation.

(L-R) EDB representatives: Stanley Toh, Senior Associate, Mobility & Industrial Solutions (M&I), EDB; Teo Yi Yun, Senior Manager, M&I, EDB; Lim Tse Yong, SVP & Head, M&I, EDB; Cindy Koh, Executive Vice President, EDB; Png Cheong Boon, Chairman, EDB; GE Vernova representatives: Scott Strazik, CEO, GE...

A sudden technical fault had disrupted operations at the Vung Ang Power Plant, necessitating immediate action to restore...
06/01/2025

A sudden technical fault had disrupted operations at the Vung Ang Power Plant, necessitating immediate action to restore power. Sulzer’s regional team developed a tailored solution to repair the turbine and generator without replacing the entire system, avoiding lengthy delays, supply chain disruptions, and substantial replacement costs.

Sulzer Services recently collaborated with Petrovietnam Power Hatinh Company (PVP), a subsidiary of Petrovietnam Power Corporation – JSC, to perform a comprehensive rotor repair for the steam turbine generator at the 1,200 MW Vung Ang thermal power plant in Vietnam.

According to Research and Markets, the global edge AI market is projected to grow at a 20.54% CAGR, increasing from US$2...
03/01/2025

According to Research and Markets, the global edge AI market is projected to grow at a 20.54% CAGR, increasing from US$23.571 billion in 2024 to US$59.978 billion by 2029. To meet the growing demand for scalable and energy-efficient AI solutions, DFI integrates the DEEPX DX-M1 AI accelerator into its industrial hardware platforms, delivering cutting-edge performance tailored to modern industry needs.

DFI, a global leader in embedded motherboards and industrial computers, will join DEEPX at CES 2025 to unveil new industrial edge AI platforms integrated with the DX-M1 AI accelerator, targeting smart city applications.

Huawei, together with Telekom Malaysia, has developed Cloud Alpha Edge (CAE), the first public cloud in Malaysia to offe...
02/01/2025

Huawei, together with Telekom Malaysia, has developed Cloud Alpha Edge (CAE), the first public cloud in Malaysia to offer complete data sovereignty, residency, and locality in Malaysia. CAE is the only public cloud with a 3-Availability Zone architecture in Malaysia that meets the requirements of government, finance, and big corporations.

Cloud technology is without doubt a cornerstone of the modern digital economy. It enables the seamless storage, management, and sharing of vast amounts of data, serving as the backbone for innovations in artificial intelligence (AI), big data analytics, and the Internet of Things (IoT). These capabi...

Prior to the company’s founding, such services used data derived from ground-based sensing systems such as Internet of T...
20/12/2024

Prior to the company’s founding, such services used data derived from ground-based sensing systems such as Internet of Things (IoT) sensors, which have a very limited range. However, the launch of HKUST’s own satellite from the Jiuquan Satellite Launchpad in Gansu province in August 2023 has made critical environmental and geographic data readily available.

Residents can expect less damage from landslides and floods thanks to a new monitoring system developed by a start-up that uses data collected by Hong Kong’s own satellites.

The company has made significant progress in its sustainability goals: MET Group is heavily invested in green energy, wi...
19/12/2024

The company has made significant progress in its sustainability goals: MET Group is heavily invested in green energy, with 403 MW of operating renewable projects in 2023, as well as 646 MW of development and construction stage projects, key to meeting its sustainability targets.

MET Group allocated 70% of its capital expenditure to green projects, achieving a 72% increase in renewable energy output in 2023. This is one of the conclusions of the Swiss-based company’s inaugural TCFD (Task Force on Climate-related Financial Disclosures) Report 2023. Through its partnership w...

As the solar energy sector continues to expand, MPIA has consistently advocated for greater safety awareness during phot...
18/12/2024

As the solar energy sector continues to expand, MPIA has consistently advocated for greater safety awareness during photovoltaic (PV) system installations. The increasing demand for renewable energy introduces various risks to technicians, including electrical shocks and falls from heights.

The Malaysian Photovoltaic Industry Association (MPIA) extends its deepest condolences to the families, friends, and loved ones of the three individuals tragically killed by electrocution after coming into contact with an 11KV high-voltage cable.

The solar trunk costs US$2,950 and is equipped with photovoltaic modules that generate up to 1 kW of power when unfolded...
17/12/2024

The solar trunk costs US$2,950 and is equipped with photovoltaic modules that generate up to 1 kW of power when unfolded. This power can charge the vehicle’s battery, increasing its range by approximately 32 km daily. When not in use, the panels can be folded away, allowing the trunk to be used for storage.

Electric vehicles are rapidly gaining popularity, but range anxiety remains a significant concern for many potential buyers. To address this issue, a startup called DartSolar has developed an innovative solution: a solar-powered trunk that can extend the vehicle’s range.

These scenarios, which are not predictions but rather tools to understand the complex factors shaping our future, span a...
16/12/2024

These scenarios, which are not predictions but rather tools to understand the complex factors shaping our future, span a range of possibilities: from sustainable AI development to limits to growth, including more radical scenarios such as abundance without boundaries and even the possibility of energy crises caused by AI.

Schneider Electric has released two reports from its Sustainability Research Institute (SRI). These reports fill key knowledge gaps regarding AI’s impact on sustainability, particularly in energy use.

This certification fast-tracks the project’s regulatory approvals, ensuring that it can move forward swiftly with stream...
13/12/2024

This certification fast-tracks the project’s regulatory approvals, ensuring that it can move forward swiftly with streamlined coordination across government agencies and local government units (LGUs), facilitating its timely ex*****on.

Nexif Ratch Energy is proud to announce that ), marking a significant milestone in the company’s efforts to advance the Philippines’ renewable energy transition. This 500 MW offshore wind project in San Miguel Bay, Camarines Sur, will play a crucial role in meeting the country’s renewable ener...

Extreme heat and other climate hazards are expected to cause US$560–610 billion in annual fixed asset losses for listed ...
12/12/2024

Extreme heat and other climate hazards are expected to cause US$560–610 billion in annual fixed asset losses for listed companies by 2035, with telecommunications, utilities, and energy companies most vulnerable. Companies in energy-intensive sectors that fail to decarbonize face mounting transition risks as global climate regulations tighten, with carbon pricing alone potentially slashing up to 50% of earnings by 2030.

Businesses must act now to address growing climate risks or face steep financial losses, according to two new reports released by the World Economic Forum. Companies that delay could see up to 7% of annual earnings wiped out by 2035—an impact akin to COVID-19-level disruptions every two years. The...

Aligned with the Malaysia Renewable Energy Roadmap (MyRER) and the nation’s decarbonisation targets under the Nationally...
09/12/2024

Aligned with the Malaysia Renewable Energy Roadmap (MyRER) and the nation’s decarbonisation targets under the Nationally Determined Contributions (NDC) 2030, this partnership is set to bolster Malaysia’s renewable energy (RE) share, which aims to reach 31% by 2025.

JJ-LAPP, the cable technology joint venture of Jebsen & Jessen Group and LAPP Holding Asia, has announced a strategic partnership with Deye, a leading global player in the solar inverter market. This collaboration will see JJ-LAPP managing the sales, distribution, and service support of Deye’s ful...

The Sulzer Bintulu Service Centre offers a comprehensive range of services, including specialised repair, overhaul, and ...
03/12/2024

The Sulzer Bintulu Service Centre offers a comprehensive range of services, including specialised repair, overhaul, and field services for all types of rotating equipment. It also offers advanced capabilities such as reverse engineering, 3D scanning, and additive manufacturing for parts and coatings.

Sulzer, the global leader in fluid engineering, announces the launch of its Bintulu Service Centre in East Malaysia, marking a significant advancement in supporting the region’s expanding oil, gas, and power sectors.

The project will generate 1.78 terawatt-hours (TWh) of electricity per year, which is comparable to the annual power dem...
02/12/2024

The project will generate 1.78 terawatt-hours (TWh) of electricity per year, which is comparable to the annual power demand in Luxembourg. The power plant occupies 1,223 hectares (ha) in total, which is six times the size of the Principality of Monaco.

China’s CHN is now connecting the 1-gigawatt (GW) floating solar power plant (SPP) to the grid in the country’s eastern province of Shandong. The new SPP includes 2,934 platforms measuring 60 x 35 meters in length and width, installed 8 km off the coastal city of Dongying, to which power will be...

In a strategic move to advance Mercedes-Benz’s electrification strategy and expand its electric vehicle (EV) charging ec...
28/11/2024

In a strategic move to advance Mercedes-Benz’s electrification strategy and expand its electric vehicle (EV) charging ecosystem, Mercedes-Benz is enhancing the ownership experience through personalised solutions for corporate partners and tailored lifestyle benefits for customers.

Mercedes-Benz Malaysia announces a transformative nationwide collaboration with prestigious hotels and golf course in the country, reinforcing its unwavering commitment to delivering luxury experiences while advancing sustainable mobility.

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What drives the price of oil.
What drives the price of oil.

The price of oil is broadly determined by the relationship between supply and demand. Here we look at eight of the key factors which affect these drivers, and how they affect the price of oil.

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