AGP Executive Report
Last update: 3 hours agoEnergy Security: Singapore’s energy minister warned that the Strait of Hormuz crisis will not be the last supply shock, as resource nationalism threatens contracts and investment. Singapore and New Zealand will also share expertise on electricity markets and low-carbon power. Grid Resilience: Singapore awarded S$14.9 million to projects using data and flexible resources such as batteries, solar and EVs to improve grid maintenance and stability. Storage and Nuclear: LG Energy Solution plans to supply 2 GWh of storage batteries to renewable developer Energix over two years, while Sembcorp signed agreements to build nuclear-sector knowledge and industry ties. Australia’s Generation Mix: Western Australia set a 75% renewable target for 2030–31 as a proposal emerged for the state’s largest gas-fired plant, an 870 MW project south of Perth. Rising Demand: The Smart Energy Council warns data centres could add AU$40 billion to Australian power costs, with households bearing part of the burden. Grid Investment: Abu Dhabi utility Taqa raised $1.75 billion through green and conventional bonds, including funding for renewable generation and grid projects.
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