News

Thermal energy storage market projected to hit $1.27t by 2035

Market growth is driven by renewable energy demand, regulations, and grid stability efforts.
4 days ago

Geothermal heat pump market to expand 7.6% CAGR by 2031.

Market expansion is fueled by rising focus on clean heating and energy security.
4 days ago

Utility scale battery storage costs fall to US$125 per kWh

Core equipment costs can rise to around US$100 per kilowatt-hour or more in markets with higher tariffs, among others.
6 days ago

Bangladesh cuts fuel imports by US$3.3b through energy efficiency gains

IEEFA said Bangladesh is on track to meet its energy-efficiency targets about a year ahead of schedule.
6 days ago

Power sector shift drives coal consumption down after record 2025

Coal usage will decline due to increasing competition with other energy sources.

Costs keep Singapore second-priciest data centre market

AI infrastructure and sustainability rules push construction costs higher.

Poor cyber-fraud integration delays breach detection

Siloed security teams slow responses and expose organisations to rising fraud risk.

Bifacial solar market projected to reach $31.1b by 2031

Dual-sided solar panels can generate up to 30% more energy than traditional modules.

Human oversight key as AI advances: HSBC

AI tools should be deployed with strong oversight.

Global M&A rebounds sharply as 2025 deal value climbs to US$4.8t

Average EV/EBITDA multiples rose to 11.6 times, up one turn from 2024 but still below 2021 peaks. 

Australian gas demand weakens as LNG exports fall to four year low

Looking ahead, IEEFA said gas faces a mixed future in Asia’s power mix.

Insurance hiring outpaces banking in Hong Kong for 2026

Despite digitalisation, life insurance claims roles are still hard to fill.

Japan offshore wind remains viable as reforms strengthen project bankability: report

IEEFA also pointed to legislative changes enabling offshore wind development in Japan’s exclusive economic zone.

APAC consumers drive rise in intentional sensory food and drink formats

China, Thailand and South Korea show demand for sensory-led consumption.