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The UK has avoided the need for gas imports worth £5.9bn since the start of the Hormuz crisis as a result of record generation from wind and solar, reveals Carbon Brief analysis. While gas prices are surging to levels not seen since the 2022 energy crisis

On the second day of Energy Tech Summit Asia, discussions turned to this financing challenge. From first-of-a-kind (FOAK) projects to blended finance, investors and industry experts explored how emerging technologies can bridge the funding gap.

After seven years in Europe, Energy Tech Summit made its Asian debut in Kuala Lumpur on Sept. 29 and 30, bringing together industry players and investors to discuss AI and energy, climate technology and investment.

AI data center growth is outpacing grid infrastructure, driving tighter energy regulations and a shift toward on-site generation, battery storage and low-carbon fuels to secure reliable power while meeting decarbonization goals.

For the past decade, Taiwan’s solar industry has largely focused on finding land and building more projects. The rules of competition, however, may now be changing.

The Philippine government’s decision to bring biomass back into its Green Energy Auction Program (GEAP) has raised expectations across the industry.

Australia is in the middle of a rapid data centre rollout. Warehouses full of computer servers that run the artificial intelligence (AI) tools society increasingly uses are being built at pace, and they draw heavily on essential resources.

The region must strengthen grids and clean energy capacity to incorporate AI for efficiency, experts say. But in China, the technology is no silver bullet for decarbonising energy systems.

The extreme weather and geopolitical conflicts put the grid under pressure. Building a more resilient transport network and energy system involves developing ways to power off-grid EV charging using renewable energy sources that also make financial sense.

Several measures can be taken to limit negative impacts on the environment throughout the lifespan of turbines and wind farms, from construction to decommissioning. These range from technical solutions to policy interventions.