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More state-run energy firms in Thailand are eager to try alternative fuels to support the campaign against climate change, with the Electricity Generating Authority of Thailand (Egat) becoming the latest agency, aiming to replace coal with wood pellets to fuel its power plant.
RECAP: Asian stock markets advanced yesterday as investors' focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.
RECAP: Asian shares came under pressure yesterday after lingering banking stability concerns gripped Wall Street, while bond markets bet that recent rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year.
The government is considering launching a mandatory energy-saving campaign featuring drastic measures amid what appears to be an increasingly bleak energy outlook.
Egat International, a subsidiary of Ratch Group Plc, has teamed up with US-based Evlomo Technologies, which runs a battery business, to make a joint US$100 million investment in electric vehicle (EV) charging and energy storage solutions in the US market next year.