Development of energy transformation trends in 2024

Key technologies ensuring the success of the energy transition

As the world moves towards cleaner energy sources, optimizing existing energy fuels to minimize carbon emissions is becoming imperative. This approach ensures a smoother and more sustainable transition, especially in countries where energy security remains an issue. By focusing on reducing the carbon footprint of conventional fuels, we not only address immediate environmental challenges, but also pave the way for a more resilient energy future. Balancing the need for energy security with sustainability goals requires strategic investment in technology and infrastructure, combined with a strong policy framework that encourages low-carbon practices.


A clear example is the research and development of carbon capture and storage (CCS) project in Thailand, initiated by Exploring PTT AND Public Production Limited Liability Company (PTTEP) in 2021. PTTEP is leading Thailand’s CCS efforts with a major hub in eastern Thailand capturing 6-10 million tonnes of CO₂ per year by 2030, with the first domestic project in the Arthit gas field starting operations in 2027. , which aims to reduce emissions by up to 1 million tons per year.

ABB invests in collaboration with industry experts to reduce barriers to adoption. In Great Britain, the company has started cooperation with CCS pace who uses THREADdigital twin technology to simulate the design stage and test scenarios to provide proof of concept and ensure that the design is fit for purpose. This will show customers how they can seamlessly transition to CCS operations.



Hydrogen and ammonia: Hydrogen and ammonia have significant potential as competitive net-zero energy sources, and increasing production is a key decarbonization strategy for many sectors. Australia‘S Hydrogen energy supply chain an example of this is the fact that we are the first commercial-scale liquefied hydrogen supply chain, which has the potential to reduce global consumption CO2 emissions by 1.8 million tons per year. The versatile nature of both fuels has reportedly prompted countries such as Japan and South Korea to establish a joint carbon-neutral fuel supply network. Also in Thailand, the government is promoting hydrogen as a new fuel for electricity production, alongside natural gas. The goal is to significantly increase the share of green hydrogen in electricity production from gas turbine power plants by >5% by 2031. The country also recently requested technical assistance from Climate Technology Center and Network (CTCN) to develop national green hydrogen strategies. Additionally, Thailand announced plans to build the first commercial green hydrogen project in cooperation with China.


However, safety concerns and challenges regarding hydrogen production, flammability, storage, transportation and end-use applications must be addressed before widespread adoption. In this case, digital twin technologies are a promising solution.


Digitization for sustainable energy management: The energy sector is increasingly deploying digital twins to facilitate the integration of renewable energy sources into the grid and reduce risks in new energy markets. These digital twins focus on data, providing insights for better decision-making, leading to efficiency and sustainability benefits such as reduced energy consumption and environmental impact.


Companies like ABB are developing automation, electrification and digital solutions to increase the efficiency and sustainability of the fossil fuel sector. This includes electrifying operations, reducing emissions using analyzers and supporting the development of next-generation technologies such as CCS.



RENEWABLE ENERGY: Solar energy is one of the main renewable energies in Thailand. The current solar capacity of 3.3 GW accounts for over 60% ASEANtotal installed capacity. The world’s largest floating photovoltaic installation is located here Sirindhorn Dam IN Ubon Ratchathani. ABB assures Energy management solution to improve the energy efficiency and operational flexibility of the water project.


ABB offers a range of digital solutions to help the world and Thailand achieve its energy transition goals. Solution platforms optimize power grids, improving efficiency and enabling the seamless integration of renewable energy sources. Automation technology helps optimize plant operations, potentially reducing energy consumption. ABB recently received a contract to automate a new bioplastics plant in Thailand that processes sugar cane Ingeo™ biopolymer. This plant is expected to produce 75,000 tons of sustainable plastic per year.



Building a Net Zero Workforce

There is widespread agreement that to achieve a sustainable, net-zero future, an all-energy workforce must be created. Asia still has a large workforce in the fossil fuel industry that needs to be engaged and upskilled. This requires partnership and collaboration between industry, government and educational institutions. ABB is committed to building a net zero workforce not only globally, but also locally in Thailand. With over 400 employees and 5 installed bases, we are actively investing in upskilling our Thai workforce and working with local partners to ensure a smooth energy transition. Initiatives such as the world’s only carbon capture training facility, a collaboration between ABB and Imperial College London– where students and staff gain hands-on experience with this key technology, exemplify the commitment of diverse stakeholders to strengthen the net zero workforce landscape.


The energy transformation creates various opportunities and challenges in technological, economic, social and environmental dimensions. While the necessary technology exists, it must be scaled quickly and appropriately. While collaboration is key, policymakers must also prioritize energy sector transformation with the right government incentives. There has never been a more critical time for Asia to leverage technology for a clean and just energy transition.

Andrews MaltesenPresident, Energy Industries, Asia, ABB