The European Commission’s Electrification Action Plan sets an indicative target of electrifying 46% of energy-consuming sectors by 2040, aimed at reducing reliance on fossil fuel imports and potentially saving €240 billion. The plan addresses critical barriers such as high electricity prices and inefficient grid connections while promoting reforms to the EU Emissions Trading System and funding for clean energy technologies.
Simultaneously, the upcoming 4th ASEAN Battery Technology Conference in Malaysia will focus on fostering a robust battery manufacturing industry in Southeast Asia. This includes transitioning from raw mineral extraction to domestic chemical synthesis and advanced cell design, with an emphasis on lithium-iron-phosphate chemistry for its thermal stability. The conference will also tackle technical challenges like atmospheric and thermal management, with participation from key stakeholders to enhance collaboration in the energy storage sector.
In Australia, the 2025/26 financial year reported a record increase in renewable energy projects within the National Electricity Market, with 9.1 GW of new generation and 12.9 GWh of storage capacity—more than double the previous year’s performance. This growth is driven primarily by hybrid solar-plus-battery systems, despite some pipeline delivery challenges. Additionally, Geely’s new 16-in-1 Intelligent E-Drive system, which achieved two Guinness World Records for efficiency, exemplifies advancements in electric vehicle technology and enhances competitiveness in the European market.
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Places mentioned in this update: Australia, Europe, Malaysia, Southeast Asia