Countries in Southeast Asia could save up to US$800 billion from their collective decarbonisation costs if they fully collaborate on building a regional power grid, including hydrogen pipelines, according to new research by energy expert and assurance provider DNV. The report, published on Tuesday, found that “unconstrained sharing of resources” between Asean countries through power grid interconnectors and hydrogen networks would lower the cost of decarbonisation by approximately 11 per cent compared to a scenario in which countries tried to fully decarbonise using only their own resources. A fully interconnected grid would require an additional 3.75 million kilometres of additional electrical infrastructure, but reduce the need for up to 600 gigawatts (GW) of installed solar capacity and 1.2 terawatt-hours (TWh) of electrical storage, said DNV. It would also lead to a 13 per cent reduction in the spatial footprint needed for Asean’s energy transition, their research found. So far, interconnectors in the region have been limited to bilateral power agreements in which energy often only flows in one direction, said the report. “Full multilateral, multidirectional power trade … could allow a better distribution of renewable resources across countries: increase access to, and the diversity of, renewable electricity; and reduce electricity prices across the region." #decarbonization #energytransition #southeastasia #interconnectors #crossborderelectricitytrade #multidirectionalpowertrade #regionalcooperation #regionalpowergrid #worldgrid #asean #worldgameworkshop
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Substantial Savings: Southeast Asia could save up to US$800 billion in decarbonisation costs through collaboration on a regional power grid and hydrogen pipelines, new research findings by independent energy expert DNV reveals. While a fully interconnected power grid requires up to 3.75M kilometres of additional electrical infrastructure, it would lower costs of decarbonisation by up to 11%, and a 13% reduction in spatial footprint needed for Asean’s energy transition. Initiatives like the Laos-Thailand-Malaysia-Singapore Power Interconnection Project (LTMS-PIP) show regional integration, exporting hydropower from Laos to Singapore through transmission lines via Thailand and Malaysia. With plans to expand from 100 MW to 300 MW, it signifies progress in ASEAN's multilateral energy trade, enhancing collaboration and efficiency in the region's energy sector. It is essential for everyone to work together to make the dreams of sustainability come true! As a company, you can always start small and measure your own carbon footprint. Kromax South Asia is here to help with energy and emissions tracking. Stay ahead of the curve with the award-winning 3Egreen Energy Management System that provides live data and statistics on every department, line and device, that is tested and proven in the most stringent semiconductor facilities. Provides your business with: • In-depth energy consumption data • Carbon emissions data • Generate analysis and reports • Outstanding performance history at lower price point • Simple zero downtime installation • And more! Please feel free to drop us a message to receive a product demo from our friendly team today. #climatereporting #climateaction #sustainability #carbonfootprint
Asean could save up to US$800 billion on decarbonisation costs through fully interconnected grid, study shows
eco-business.com
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New research by DNV suggests that ASEAN countries could save up to US$800 billion in decarbonisation costs by collaborating on a regional power grid and hydrogen pipelines. The report advocates for an interconnected grid to facilitate resource sharing, leading to an 11% reduction in decarbonisation costs compared to individual efforts. Despite the potential benefits, progress on the ASEAN power grid has been slow due to regulatory barriers and limited interconnections. Initiatives like the Laos-Thailand-Malaysia-Singapore Power Interconnection Project show promise for multilateral energy trade. Malaysia's launch of the Energy Exchange Malaysia platform for renewable energy export to Singapore and Thailand signals a step towards regional collaboration. DNV recommends establishing clear regional institutions to expedite integration of cross-border power grids within ASEAN.
Asean could save up to US$800 billion on decarbonisation costs through fully interconnected grid, study shows
eco-business.com
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A latest report by the International Energy Agency (IEA) said that countries like #India, European Union and the #UnitedStates needed to accelerate the pace of deployment of #renewableenergy. The global #energy think tank said that the acceleration is needed for India to achieve it target of ensuring 500 GW of capacities from non-fossil sources.
India Needs To Increase Renewable Deployments: IEA Report
saurenergy.com
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Singapore's ability to be bold with its energy planning is underpinned by the reliability of gas-fired power generation, which has driven its economy over the past 20 years. New gas-fired power plants are being built "hydrogen-ready" to ensure flexibility as Singapore works to decarbonise its energy system. Singapore's Energy Market Authority (EMA) has suggested low-carbon hydrogen could meet up to half the country's power needs by 2050. --- 💡 We are the voice of the gas industry in Asia 📖 Follow us for insights, data and policy on the pathway to a reliable, low-carbon energy future
EMA to study laws, policies for S’pore to adopt low-carbon hydrogen when it becomes viable
straitstimes.com
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🌍 Europe's greenest year in energy! In 2024, three-quarters of EU electricity came from CO2-free sources—50% from #renewables. 🎯Coal and gas reached their lowest levels at 9% and 13%. However, as we celebrate these achievements, there's a critical need to invest in upgrading our power grids. This will ensure efficient management of #renewableenergy surpluses and support our journey towards cleaner, more resilient energy systems. 🌿Within ARISE we accelerate towards a sustainable future!🌿 Learn more: https://lnkd.in/ei7uPecA #ARISEproject #solarenergy #renewableenergy #sustainability #EU #energytransition #GreenEurope
EU's power mix in 2024 the greenest yet, industry data show
reuters.com
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Decarbonizing ASEAN’s Power Sector: Regional Cooperation is a game-changer! I am very proud of the team as today we published our new white paper, the ASEAN Interconnector Study: Taking a Regional Approach to Decarbonization, which reveals an exciting path toward a greener future for the region. Thank you for everyone's efforts in getting the report published, and a special thanks to those in the industry who supported the work. The report shows by collaborating regionally, we can slash a staggering 𝗨𝗦𝗗 𝟴𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in costs! How? 🌏 The paper models 3 scenario’s: 1) Looking at regional decarbonization if all countries go alone, 2) If we have moderate Interconnection with some cross-border power links and no hydrogen network, and 3) Regional Cooperation - with full resource-sharing, power interconnectors, and hydrogen networks. ⚡ Greater Interconnection: Interconnectors allow greater energy flow across borders - Interconnectors link nations and allow us to optimize our supply and demand balances across countries 💡 Hydrogen Networks: Hydrogen networks can enable the efficient storage and transport of clean energy which is extremely effective in supporting a decarbonized ASEAN power sector 🔋 Energy Storage Infrastructure: Though increasing the number of interconnectors across the region decreases the need for renewables and storage, there is still a significant reliance on energy storage in a fully decarbonized ASEAN Power Sector I added a figure from the report below, from a high level you can see countries like Thailand and Lao PDR with a diversified supply of renewable resources – solar, wind, and hydropower –will be the engines of the transition as large-scale exporters of clean energy. Which means power and hydrogen will start to flow, from north to south and west to east, to countries with less diverse supply or less natural resources for renewables (makes me feel like the weather man 🙂 ) 🌦 🌧 ☀ You can find the report here, and we are really looking forward to sharing the findings with everyone! https://lnkd.in/gzyY8UPJ #CleanEnergy #ASEANDecarbonization Mats de Ronde Sean Ooi Natasha Witto Roy Lek Tiran Fernando Mats de Ronde Xinting Guo Lachlan Bateman James Laybourn Brice Le Gallo Kadzim Kassim Adzman Abbas Robert Judd
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The ASEAN Power Grid (APG) aims to boost energy security and sustainability by enabling cross-border energy trading among ASEAN nations. With 18 priority interconnection projects by 2040, the APG could mobilize $16 billion in investment and save costs by avoiding 154 MW of added capacity. Driven by climate commitments, APG supports renewable energy integration, key to meeting ASEAN’s growing energy demand sustainably. Key challenges remain: securing investment, regulatory alignment, and technological infrastructure for efficient, resilient energy systems. Success will require collaboration among governments, multilateral banks, private sector, and civil society for an inclusive, low-carbon future. #ASEANPowerGrid #EnergyTransition #Sustainability #Investment #RenewableEnergy #Infrastructure
Asean power grid could create new jobs, bring investments to energy sector: Study
straitstimes.com
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A quartet of Association of Southeast Asian Nations (ASEAN) member countries have taken a first important step towards the vision of a regional power grid. The next step is to look back for lessons learned to move forward and improve collaboration, leveraging the experience of not just officials but stakeholders in the private sector. Globally, grid development is slower than the expansion of renewable energy capacities. This is the case in Southeast Asia. In 2020, more than 80 per cent of new capacity was from renewables, but to date, only eight out of 18 key interconnections planned under the ASEAN Power Grid (APG) have been completed. Most are bilateral arrangements. 2022 saw the implementation of the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP), transferring 100 MW of hydroelectricity from Laos through Thailand and Malaysia into Singapore using existing infrastructure. The LTMS-PIP has been called a “pathfinder” project and has generated increasing momentum on cross-border grid development. It has been cited as an example that can inform another upcoming multilateral initiative, the Brunei-Indonesia-Malaysia-Philippines Power Integration Project (BIMP-PIP). #energytransition #regionalcooperation #asean #crossbordertrade #gridintegration #laos #thailand #malaysia #singapore #worldgrid #infrastructure #worldgameworkshop
The ASEAN Power Grid: How the LTMS-PIP can inform the BIMP-PIP’s development
https://fulcrum.sg
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⚡ Powering ASEAN's Future: The Urgent Need for Modernized Energy Grids ⚡ The recent report highlighting the substantial waste of renewable energy globally due to inadequate power grid infrastructure serves as a stark reminder of the challenges facing the ASEAN region. As we strive to achieve a sustainable energy future, the modernization of our energy grids is not just an option, but an absolute necessity. The current limitations of our grids hinder the full potential of renewable energy sources. Without the capacity to accommodate the variable nature of wind and solar power, we are losing valuable opportunities to reduce carbon emissions and reliance on fossil fuels. The economic and environmental costs are simply too significant to ignore. It is imperative that we invest in upgrading and expanding our energy infrastructure. This includes the development of smarter grids capable of managing the fluctuations inherent to renewable energy. Additionally, we must explore innovative solutions like energy storage, demand-side management, and improved forecasting to maximize the utilization of clean energy sources. At the upcoming ASEAN International Conference for Energy and the Environment organised by the ASEAN Centre for Energy, I will have the privilege of introducing one such innovative solution that has the potential to revolutionize our energy grids. This technology promises to enhance grid flexibility, optimize energy distribution, and pave the way for a more sustainable and resilient energy system in ASEAN. The time for action is now. By embracing technological advancements and investing in modernized energy grids, we can unlock the full potential of renewable energy, create a cleaner environment, and ensure a brighter future for generations to come. #ASEANEnergy #GridModernization #RenewableEnergy #SustainableFuture #wirelessenergytransmission #SmartGrids #AEIR #Netzium #EnergyDemocratisation #ASEANEnergyGrid
Renewable energy wasted worldwide due to lack of power grids
asia.nikkei.com
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The European Union (EU) is poised to fall behind its targets for renewable energy, clean technology capacity, and domestic supply chain investments, according to research and modeling by Rystad Energy. #solarenergy #renewableenergy #cleantechnology #supplychain #EnergeticaIndia
EU Faces Challenges in Meeting Clean Energy Goals Amid Global Competition - Europe | Energetica India Magazine
energetica-india.net
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