APAC

However, experts cautioned this means that the operations of coal-fired power plants would be extended. 

IEFFA said investment should be focused more on other technologies such as solar and wind.

Gregory identified region-specific opportunities to enhance water management and sustainability practices, as he advocates for the adoption of intelligent water capabilities integrated with customer-centricity practices. 

The region holds 75% of the capacity that started construction last year.

Natural gas is cleaner than coal and would support the intermittency of renewables, ANGEA said.

The project includes energy storage and distribution upgrades.

Whilst AI is still nascent, its integration in the power sector has significantly improved power plant operations.

The orders amounted to $40.5b.

This will help Kazakhstan towards its carbon neutrality goal by 2060.

Robust and well-defined regulatory frameworks create an environment of transparency and predictability, allowing industry players to make long-term investments and innovations.

Asia Pacific will account for nearly half of the installations.

Rockell’s observations shed light on emerging technologies like hydrogen, biofuels, and nuclear energy, as well as policy initiatives driving electric vehicle adoption and innovations in hard-to-decarbonise sectors.

For energy transition to be successful in Asia, the oil and gas sector must manage the growing energy demand, secure investments for renewables and integrate intermittent energy sources into existing grids, whilst leveraging opportunities to diversify the energy mix and improve resilience.

Amol Mody of GE Vernova’s Gas Power highlighted the importance of successful collaborations and supportive government policies for achieving a sustainable energy transition in Asia.

Experts have mixed views of the effectiveness of the nascent technology in decarbonisation.

Asia continued to drive coal demand growth.