Energy markets

China’s four-year energy spree has eclipsed entire US power grid

Since 2023, capacity additions have averaged more than 400 gigawatts a year

The Next-Generation Energy Xccelerator Joint Lab (NEX Lab) was officially opened on Friday (Jan 23) by Minister of State for Trade and Industry Alvin Tan (third from left).

Halliburton, A*Star launch S$35 million joint lab to advance well completion tech

This collaboration will create upskilling and innovation opportunities for local enterprises, EDB says

LNG prices should be cut by nearly half to around US$7 per million British thermal units by 2027, says Morgan Stanley.
BROKERS’ TAKE

These Singapore winners can benefit from AI boom, power crunch: Morgan Stanley

A ‘glut’ of new LNG supply from the US and Qatar is set to hit Asian markets

Blackstone is merging MPS, which manufactures parts for the electrical grid, with Power Grid Components, a supplier it acquired in 2023.

Blackstone eyes US$2.6 billion of debt to finance power merger

Electricity demand is soaring globally as the data centres needed for Big Tech’s artificial intelligence objectives put pressure on power grids

Top EV players CATL did not break out energy storage shipments through the third quarter.
ANALYSIS

China’s power reforms, global data centre buildout usher in battery boom

China lithium-ion battery cells for energy storage tipped to jump 75% this year

CVC’s investment in Low Carbon will be done via its DIF Infrastructure VIII fund.

CVC leads £1.1 billion deal to back UK energy firm Low Carbon

The investment will help Low Carbon expand its renewable electricity business in the UK and Europe

At the core of the push for alternative fuels is Finspang, Siemens Energy’s flagship gas turbine R&D and manufacturing hub for over a century.

Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems

The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines

For the oil-rich US, a collapse in domestic production is an embarrassment, but hardly an emergency.

The China ‘put’ in oil markets will reshape the world

The biggest importer has been stockpiling hydrocarbons, despite the fact that its own consumption already appears to be peaking

The US wants the world to buy its fossil fuels, while China wants to sell the world its clean energy technologies.

China is beating the US in the battle for energy export dominance

The Asian nation’s exports of clean energy technology hit a record in August, with US$20 billion shipped globally