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Copenhagen Infrastructure Partners announces EUR 270 million investment in new Scottish battery storage project

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Kilmarnock South is a 350MW four-hour duration BESS project located in southern Scotland. Now under construction, the project is expected to commission in early 2028.

The project represents an investment commitment of over EUR 270 million, further strengthening Copenhagen Infrastructure Partners’ (CIP) contribution to UK energy security.

KILMARNOCK, Scotland, Oct. 2, 2026 /PRNewswire/ — Copenhagen Infrastructure Partners (CIP), through its fourth flagship fund, Copenhagen Infrastructure IV (CI IV), has taken Financial Investment Decision (FID) for Kilmarnock South, a 350 MW / 1,400 MWh lithium-ion battery energy storage system (BESS) located in south Ayrshire, southern Scotland. Construction is now underway with commercial operations expected in the first quarter of 2028.

At four hours of duration, once operational, Kilmarnock South will be the longest-duration asset in CIP’s growing UK storage portfolio. The battery will store surplus Scottish wind power that would otherwise go unused and release it to the grid when the network has capacity.

Kilmarnock South is CIP’s fourth investment in transmission-connected BESS projects in Scotland, joining Coalburn 1, which reached commercial operations in August 2026, Coalburn 2, and Devilla. Upon full commissioning, CIP’s four Scottish BESS projects will collectively offer a total energy storage capacity of 4.4GWh, the equivalent of almost a third of Great Britain’s operational battery energy storage today. 

CIP’s Scottish BESS portfolio (Coalburn 1, Coalburn 2, Devilla and Kilmarnock South) will have total power capacity of 1.85 GW and 4.4 GWh of energy storage, equivalent to the electricity demand of over 5.5 million households, across a two-hour period.

Nischal Agarwal, Partner at CIP, said: “CIP is pleased to add Kilmarnock South to our growing portfolio of UK battery projects, which, once commissioned, will be the longest-duration BESS asset in our UK fleet. Well-sited battery energy storage projects provide valuable power system flexibility which enables the full benefits of low-cost renewables to be captured, strengthening security of supply and helping to both cut and stabilise energy bills for consumers.”

Michael Shanks, UK Energy Minister, said: “A former coal mine at Coalburn is now home to one of Europe’s largest batteries storing clean power, while at Kilmarnock South, a new GBP 232 million battery will store even more Scottish wind power for when it’s needed most. Together, these projects mean less homegrown power going to waste, greater energy security, and lower bills over the long term.” 

Notes to Editors

Media Contact:
E-mail: media@cip.com / M: +45 2844 7756

About Kilmarnock South

Kilmarnock South was developed by Noriker Power, a UK developer of energy storage and grid stability assets, whom will continue to manage the construction phase of the project’s development.

The Kilmarnock South project holds an optimisation agreement with Shell Energy Europe Ltd which will provide long-term contracted revenue.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) is a global fund manager and leading investor in energy infrastructure. CIP builds value that matters by developing and constructing critical infrastructure projects that shape the future of energy.

Through its funds, CIP invests in power generation (solar and wind), energy storage, transmission and distribution, advanced bioenergy, low-carbon fuels and carbon capture.

With 15 funds currently under management, CIP is trusted by over 200 of the world’s largest and most sophisticated institutions, having raised EUR ~43 billion to date. CIP has projects in more than 30 countries, with presence on the ground through a network of +2,300 professionals. For more information, visit www.cip.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/copenhagen-infrastructure-partners-p-s/r/copenhagen-infrastructure-partners-announces-eur-270-million-investment-in-new-scottish-battery-stor,c4388796

 

Health In Tech to Attend the 17th Annual Craig-Hallum Alpha Select Conference

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Advertorial Desk
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STUART, Fla., Oct. 2, 2026 /PRNewswire/ — Health In Tech, Inc. (Nasdaq: HIT), an AI-enabled InsurTech platform company (“Health In Tech” or the “Company”), today announced that representatives from the Company’s management and investor relations teams will participate in the 17th Annual Craig-Hallum Alpha Select Conference on November 17, 2026, at the Sheraton New York Times Square Hotel in New York City.

Company representatives will host one-on-one meetings with institutional investors throughout the day.

Institutional investors interested in meeting with Health In Tech at the conference are encouraged to contact their Craig-Hallum representative or the Company’s Investor Relations team at ir@healthintech.com to arrange a meeting.

About Health In Tech 

Health In Tech, Inc. (Nasdaq: HIT) is an AI-enabled InsurTech platform company, which offers a marketplace that aims to improve processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, managing general underwriters (“MGUs”) and third-party administrators (“TPAs”). Health In Tech’s platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to Health In Tech, Inc.’s (“Health In Tech,” “we,” “us” or “our”) business strategy, product development and innovation, growth prospects, and future operating and financial performance. In some cases, forward-looking statements can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target” or similar expressions that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements in this press release include, but are not limited to, statements regarding our planned participation in the 17th Annual Craig-Hallum Alpha Select Conference.

These forward-looking statements are based on current expectations and beliefs concerning future events and developments and their potential effects on Health In Tech and are subject to numerous known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Health In Tech’s control, that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: our ability to obtain funding for our operations and to enhance our current systems and expand our service offerings; the success, cost and timing of our product development activities; our ability to attract and retain key personnel and qualified employees; our ability to attract new customers and to develop new, and enhance existing, products and services; the impact of competition in our industry and innovation by our competitors; risks related to cybersecurity incidents or other network disruptions; risks related to the use of third-party artificial intelligence; our ability to comply with new or modified laws and regulations applicable to our business, including with respect to the insurance services industry and data privacy requirements; our ability to protect our intellectual property rights and maintain and build our brand; the future trading price of our common stock; and other risks and uncertainties described in the “Risk Factors” section of our most recent Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q and other filings with the U.S. Securities and Exchange Commission.

Any forward-looking statement made in this press release speaks only as of the date of this press release. New risks and uncertainties may emerge from time to time, and it is not possible for Health In Tech to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by applicable law, Health In Tech does not undertake, and expressly disclaims, any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com

UstarPay to Co-Host TOKEN2049 Singapore Networking Event with BitGo and HashKey Cloud

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Advertorial Desk
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HONG KONG SAR – Media OutReach Newswire – 2 October 2026 – UstarPay announced that it will co-host “Token2049 Networking Event with BitGo, HashKey & UstarPay” with BitGo and HashKey Cloud during TOKEN2049 Singapore. The event will take place in Singapore and will be subject to registration approval. The exact venue address will be provided to approved participants after registration.

The event will bring together industry participants from digital assets, fintech, payments, Web3 infrastructure, institutional services, and cross-border finance. It aims to provide a face-to-face networking platform for institutions, project teams, infrastructure providers, investors, and professionals. Discussions will focus on digital asset infrastructure, compliant payments, stablecoin use cases, wallet and card services, and how digital assets can enter real-world payment scenarios.

Event Details

Event Name: Token2049 Networking Event with BitGo, HashKey & UstarPay
Date & Time: Wednesday, 7 October, 18:00–21:00 GMT+8
Event Partners: BitGo, HashKey Cloud, UstarPay
Registration: Submit an application through the official Luma event page
Registration Link: https://luma.com/qjgwthvg
Entry: Approved participants may enter with a valid QR code

Please note that this event requires registration approval. All participants must submit an application through the official Luma event page. The hosts will review applications based on applicant background, industry relevance, and event capacity. Once approved, participants will receive an event QR code. Only approved participants with a valid QR code will be admitted to the event. An invitation or shared event information does not constitute official admission credentials.

Stablecoins Enter the Next Stage: From On-Chain Assets to Real-World Payments

In recent years, stablecoins have evolved from a funding tool primarily used in crypto trading into a payment and settlement medium within the global digital economy. As cross-border work, global freelancing, online subscriptions, e-commerce, and international trade continue to grow, the market demand for faster, more flexible, and geographically accessible payment methods has continued to increase.

However, for digital assets to truly enter everyday life, one core question remains: how can the speed of on-chain transactions be connected with the trust, compliance, and settlement systems required by the real world?

In traditional financial and payment networks, every movement of funds must address fundamental questions: who the user is, where the funds come from, whether the transaction is compliant, whether risk can be identified, and whether the settlement trail can be audited. For digital asset payments, these questions do not disappear simply because technology becomes faster. Instead, they become essential conditions for digital assets to move toward broader, scalable adoption.

UstarPay’s role is to build the infrastructure that connects on-chain assets with real-world payment scenarios during this transition.

About UstarPay’s Role in Real-World Digital Asset Use

UstarPay is a PayFi-focused infrastructure platform connecting supported digital assets with real-world spending and transaction use cases. Its core vision is to help digital assets move beyond trading, holding, or investment and become more practical for everyday and commercial use, subject to applicable requirements.

By connecting wallet, card, and related technology infrastructure, UstarPay helps eligible individuals and businesses access card and transaction solutions using supported digital assets. In applicable markets, and subject to supported assets, product settings, and relevant requirements, users may explore stablecoins and other supported digital assets for online shopping, travel and hotel spending, subscription services, cross-border purchases, in-store purchases, and, where applicable, ATM withdrawals.

For enterprises, UstarPay explores modular technology support connected to card applications, risk management, and settlement workflows. Relevant use cases may be considered for eligible platforms and businesses, subject to applicable laws, partner requirements, product scope, and case-by-case assessment.

UstarPay believes the future of digital asset use is not only about whether a transaction can be completed, but also whether relevant activity can be verified, monitored, risk-assessed, reviewed, and settled. Based on this view, UstarPay is exploring “Proof-of-Spend” as part of its digital asset application narrative. By connecting identity verification, AML processes, asset custody, on-chain risk assessment, transaction records, and settlement workflows, UstarPay is exploring how digital asset applications can be supported by more verifiable, monitorable, and traceable process foundations.

From a risk management and traceability perspective, UstarPay considers identity verification, on-chain transaction monitoring, asset custody, and settlement records as relevant components where applicable. The company may work with relevant technical service providers in these areas. This registration does not mean that all products, services, or markets are authorized or available. Relevant services remain subject to applicable laws and regulations, user eligibility, supported assets, product settings, partner requirements, and jurisdictional restrictions.

Guided by “Real Crypto, Real Life,” UstarPay’s long-term direction is to help supported digital assets move from on-chain holdings toward card and transaction applications that can be used in everyday and commercial contexts, subject to product configuration, applicable requirements, supported assets, and regional availability.

Event Significance: Connecting PayFi, Stablecoin Payments, and Institutional Infrastructure

The co-hosts of this event span digital asset custody, institutional infrastructure, PayFi, stablecoin payments, and on-chain yield. This reflects the digital asset industry’s ongoing evolution from single-purpose trading scenarios toward more mature financial and payment infrastructure.

As stablecoins continue to become an important tool for value movement in the global digital economy, the market demand for compliant payment access, secure asset custody, risk control infrastructure, and cross-border settlement capabilities continues to grow. Through this event, UstarPay hopes to engage with more industry participants to discuss how digital assets can enter the real world in a safer, more compliant, and more practical way.

Hashtag: #UstarPay

The issuer is solely responsible for the content of this announcement.

About BitGo

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry’s top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit .

About UstarPay

UstarPay is a PayFi-focused infrastructure platform designed to connect digital assets with real-world spending and transaction use cases. By connecting wallet, card, and related technology infrastructure, UstarPay helps eligible users and businesses access convenient card and transaction solutions using supported digital assets.

With a focus on compliance, transparency, and risk management, UstarPay is developing digital asset experiences designed to support traceability and transparency in supported markets. Guided by “Real Crypto, Real Life,” the company is focused on making supported digital assets more practical and relevant to everyday life, subject to applicable requirements and availability. Relevant services remain subject to applicable laws and regulations, user eligibility, supported assets, product settings, and regional availability.

For more information, please visit .

About HashKey Cloud

HashKey Cloud is the institutional staking and yield infrastructure of HashKey Group (HKEX: 3887). It focuses on providing secure, auditable multi-chain staking and yield services for global institutions, asset managers, and professional investors. Our services include ETF/DAT staking, prime VIP staking, API staking, and prime yield, empowering institutions to manage on-chain assets and returns with efficiency and confidence.

Disclaimer: Relevant services are subject to applicable laws and regulations, user eligibility, supported assets, partner requirements, and geographic restrictions. Not all services are available in all markets.

Far East Organization Unveils The Serra Residences

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Advertorial Desk
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A Rare Freehold Home in Novena, District 11

SINGAPORE – Media OutReach Newswire – 2 October 2026 – Far East Organization (远东机构) announces the unveiling of The Serra Residences, a new 28-storey freehold development. Tucked into the natural slopes of Bassein Road, the 133-unit development in District 11 is set within a quiet residential enclave minutes from Novena’s lifestyle and healthcare precinct.

Hero Perspective of The Serra Residences, showcasing the 28-storey tower set within the Novena residential enclave
Hero Perspective of The Serra Residences, showcasing the 28-storey tower set within the Novena residential enclave

Guide price starts from $3,120 psf, with a 710 sqft 2-bedroom with study unit commencing from $2.22 million.

Ms SHAW Lay See (苏丽茜), Chief Operating Officer (首席运营官) of Far East Organization’s Sales & Leasing Group (房地产销售租赁部), shared, “When we brought the former Pastoral View and its neighbouring plot together, we saw an opportunity to create something seldom found in the city – an intimate community of 133 homes with the facilities of a much larger development. We raised every residence up above the street level, starting from Level 4 to maximise privacy and set aside generous space for a 50m lap pool, a full-sized tennis court and gardens woven through the tower. It is a home designed for families to grow into, and in a neighbourhood they value.”

[Refer below for quotes from Joint Marketing Agents]

A Rare Freehold Address in District 11

Situated on a 51,396 sqft (4,774.80 sqm) freehold site, one of the more sizeable in the Bassein enclave, The Serra Residences arrives at a time of limited new freehold supply nearby. No other upcoming freehold launch has been identified in the vicinity nor are Government Land Sales sites in the area offered on 99-year leasehold tenure. It is also Novena’s first Gross Floor Area (GFA)-harmonised freehold development, so buyers pay only for usable living space.

Mountain-Inspired Biophilic Architecture & Climate-Responsive Design

The Serra Residences’ tower draws on the contours and rock strata of mountain terrain, expressed through vertical façade lines, stepped forms and earthy stone timber materials. It is oriented to reduce east-west sun and frame city skyline views to the south and greenery to the north.

Said Mr Kingsley NG (黄啟明), Architect and Director at P&T Consultants (巴马丹拿顾问), “We set out to explore how biophilic design can elevate modern central living. Inspired by the timeless character of mountain terrain, the tower is conceived as a sculpted urban landmark. Its vertical forms and distinctive silhouette expressing permanence and quiet elegance, while opening towards unblocked greenery and responding thoughtfully to the east–west sun. Like natural formations shaped over time, the tower is sculpted into layered voids that reveal elevated green terraces and communal spaces for residents to gather, retreat and connect with nature. The result is an architecture where form, landscape, community and climate come together in a quieter, more enduring expression of city living.”

Thoughtfully Curated Homes for Every Stage of Family Life

The 133 homes span two tiers: Two-bedroom with study to four-bedroom units (Levels 4 to 16), and The Summit on levels 18 to 28, comprising larger four- and five-bedroom residences and two penthouses, with 22 units served by private lifts. For multi-generational households, children’s facilities and family deck sit alongside a gym, spa pool, function room and BBQ pavilion, while the signature 50m lap pool on level 3 appears to float above the arrival courtyard.

An Established Neighbourhood in a Transforming Lifestyle & Healthcare Precinct

The Serra Residences is situated within a mature, well-served neighbourhood that is entering a new phase of growth:

  • Everyday Convenience: Food lovers are spoilt for choice, with Michelin Bib Gourmand favourites across Whampoa, Balestier and Newton Food Centre, while Orchard Road is an eight-minute drive away. Established malls and office cluster at Square 2, Novena Square, Revenue House, Goldhill Plaza and United Square are close by.
  • 2 Moulmein Road Lifestyle Destination, just minutes’ walk away, is an expansive 985,350 sqft historic site comprising 44 conservation buildings is now being transformed into a park-like lifestyle destination with dining, sports, wellness, arts and pet-friendly spaces, targeted to open in Q1 2027.
  • HealthCity Novena is a 17-hectare wellness precinct with integrated healthcare, medical education, and research. Its next phase will also introduce healing spaces, green corridors and walking trails. When completed, more than 30,000 people are expected to circulate through the precinct daily.
  • Connectivity: Novena MRT station is an eight-minute walk away. The upcoming 21.5km North-South Corridor (NSC) will improve links between northern Singapore and the city centre, adding dedicated bus lanes, cycling trunk routes and green pedestrian paths.
  • Schools: The Serra Residences sits within 1 to 2 km of premier institutions, including St. Joseph’s Institution Junior, Anglo-Chinese School (Barker Road and Junior) and Hong Wen School.

Preview & Official Launch

The Serra Residences sales gallery at 11 Bassein Road, opens for previews from 2 October, Friday, with official sales launch slated for Friday, 16 October 2026. Appointments can be made with Far East Organization at 6534 8000.

The development is expected to obtain its Temporary Occupation Permit (TOP) in Q4 2030.

For more information on The Serra Residences, visit https://www.theserra.com.sg

***


QUOTES BY SPOKESPERSONS OF THE SERRA RESIDENCES’ APPOINTED JOINT MARKETING AGENCIES

  • ERA Singapore’s Chief Executive Officer (ERA产业总裁), Marcus Chu (朱泳强), on the transformation of the Novena Precinct

“Novena has long been one of Singapore’s most established city-fringe residential districts, known for its strong healthcare ecosystem, excellent connectivity and comprehensive range of amenities. As Singapore’s population ages, healthcare will become an increasingly important pillar of the economy, making the continued expansion of HealthCity Novena a significant long-term driver for the precinct.

Together with new lifestyle offerings in the area, these developments are expected to enhance both its liveability and its appeal to a broad and sustainable pool of residents and tenants, particularly among healthcare professionals and related industries. Against this backdrop, The Serra Residences offers buyers an opportunity to be part of a neighbourhood with well-established fundamentals and long-term potential.”

  • Huttons Asia’s Chief Executive Officer, Mark Yip (叶润明) on Scarcity & Wealth Preservation

“Freehold land is extremely scarce in Singapore as the Government only releases residential land through its Government Land Sales programme on a 99-year leasehold tenure.

From 1Q 2024 to 2Q 2026, developers launched close to 4,000 units of new private non-landed residential homes in the CCR. Of these new non-landed homes in the CCR, only 287 or a mere 7% are freehold. This highlights the rarity of new freehold non-landed homes in the CCR.

The Serra Residences is one of the only 2 freehold launches in the CCR in 2026. It offers buyers an opportunity to own a freehold non-landed home in the CCR for both wealth preservation and legacy planning.

From 2015 to 2026 year to date, resale freehold non-landed homes in the CCR appreciated by 36% compared to 25% for 99-year leasehold non-landed homes, underscoring the ability of freehold non-landed homes to hold their value over the long term.“

  • PropNex’s Chief Executive Officer, Kelvin Fong (冯景祥 ), on Market Outlook

“With a number of recent Core Central Region (CCR) launches achieving average prices above $3,000 psf, the market has demonstrated that buyers are willing to transact at these levels for well-located prime projects. Meanwhile, rising land costs are likely to place further upward pressure on future private home prices of 99-year leasehold projects in the CCR.

In this environment, The Serra Residences stands out for its combination of freehold tenure and an amenity-rich location — a relatively rare proposition in today’s new-home market.”

  • SRI’s Managing Partner, Ken Low (刘珉豪), on Strong Rental Demand

“Novena has an established and resilient rental market, supported by its proximity to HealthCity Novena and convenient connections to Orchard Road and the CBD. According to our research and URA data, more than 1,000 private residential rental contracts were signed in the Novena Planning Area every quarter from Q1 2025 to Q2 2026, with volumes rising about 13.5 per cent quarter on quarter to 1,262 in Q2 2026. Rents have also remained resilient, with two-bedroom units averaging S$4,506 a month in Q2 2026, the highest over the period. Demand spans a range of tenants, from healthcare professionals to families drawn to nearby schools, while larger four-bedroom homes continue to command significantly higher rents. This positions The Serra Residences well for investors seeking access to Novena’s rental market.”

Hashtag: #TheSerraResidences #FarEastOrganization #FarEastSpaces





The issuer is solely responsible for the content of this announcement.

About Far East Organization (www.fareast.com)

Far East Organization is a Christian Enterprise, which develops real estate and operates businesses by serving with grace, love, integrity and honesty. Together with its Hong Kong-based sister company Sino Group, they are one of Asia’s largest real estate groups, with operations in Singapore, Malaysia, Australia, Japan, Hong Kong and China. Far East Organization is the largest private property developer in Singapore, having developed over 780 developments across all segments of real estate including more than 55,000 private homes in Singapore since its establishment in 1960. Far East Organization includes three listed entities: Far East Orchard Limited, Far East Hospitality Trust and Yeo Hiap Seng Limited. Far East Organization is the winner of 14 FIABCI World Prix d’Excellence awards, the highest honour in international real estate.

US$136.3 billion investment wave opens a historic opportunity for Vietnam’s energy equipment market

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Advertorial Desk
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HANOI, VIETNAM – Media OutReach Newswire – 2 October 2026 – A US$136.3 billion investment pipeline for power generation and grids to 2030 is opening a new race in technology, equipment and supply capability. Against this backdrop, GEEC 2027 – organised by VEFAC (the operator of the Vietnam Exposition Center, VEC) in partnership with dmg events (Dubai) – will bring together hundreds of companies and experts at VEC from 24–26 February 2027, creating a direct meeting point between domestic investment demand and global energy suppliers.

Investment in transmission and digitalised operations is widening demand for equipment and for protection and control systems. (Illustrative image)
Investment in transmission and digitalised operations is widening demand for equipment and for protection and control systems. (Illustrative image)

Power demand drives investment in generation and grids

According to Vietnam Electricity (EVN), electricity generation and imports across the national system reached 171.54 billion kWh in the first six months of 2026, up 9.85% year on year, while peak system load hit a record high of 57,537 MW. This growth is adding pressure on the pace of investment in generation and grids.

Industry and construction remain the largest electricity consumers, meaning that a stable power supply has a direct bearing on production and on the competitiveness of the economy.

By 2030, the revised National Power Development Plan VIII (PDP8) targets commercial electricity output of around 500.4–557.8 billion kWh and total generating capacity of 183,291–236,363 MW. Over the same period, investment needs are estimated at around US$118.2 billion for power generation and around US$18.1 billion for the transmission grid. This scale of investment is increasing demand for equipment and engineering services across design, installation, operation and maintenance.

The revised PDP8 also targets 10,000–16,300 MW of battery storage by 2030, several times the 300 MW target set in the original PDP8. This comes with a requirement for utility-scale solar plants to incorporate battery storage equivalent to at least 10% of their capacity, with two hours of storage duration. The change is already driving demand for power conversion systems, energy management, control, safety and integration services.

On the grid side, the revised PDP8 also sets out new construction of 12,944 km of 500 kV lines and 15,307 km of 220 kV lines over the 2025–2030 period. This leaves considerable room for growth in the market for substation equipment, protection and control systems, engineering design, construction, digitalised operation and maintenance.

Grid investment is also accelerating. In the first seven months of this year, EVN and its units started construction on 98 projects and energised 100 grid projects at voltages from 110 kV to 500 kV. The ability to meet technical standards, delivery schedules and operational requirements has therefore become a key criterion for suppliers.

At the same time, domestic energy security remains closely exposed to volatility in international supply chains. The International Energy Agency (IEA) notes that around 27% of Asia’s liquefied natural gas (LNG) imports depend on shipping routes through the Strait of Hormuz – a chokepoint carrying significant geopolitical risk. Proactively diversifying supply, scaling up renewables, expanding storage and upgrading the grid are therefore central to strengthening the resilience of Vietnam’s energy system.

In addition, the target of establishing two inter-regional renewable energy industry and service centres by 2030 requires the combined effort of the entire ecosystem. Investors’ need to identify the right technologies and reliable supply partners is therefore more pressing than ever.

At the strategic level, Politburo Resolution No. 70-NQ/TW identifies ensuring national energy security as a key foundation for the country’s development and underlines the need to step up international cooperation and energy connectivity within ASEAN. This direction gives Vietnam further grounds to expand domestic supply capacity while progressively strengthening its role in the regional energy ecosystem.

GEEC 2027: Where investment demand meets the global supply chain

To connect domestic investment capital with global supply chains, Global Energy Exhibition & Congress Vietnam (GEEC) has been launched as a landmark meeting point. The event is organised by Vietnam Exhibition Fair Centre Joint Stock Company (VEFAC, the operator of VEC) in partnership with dmg events (Dubai), a member of the UK-based Daily Mail & General Trust group, and is scheduled to take place at VEC from 24 to 26 February 2027.

The foundations for the event were laid in November 2025, when VEC and dmg events signed a strategic cooperation memorandum of understanding at ADIPEC in Abu Dhabi, one of the world’s most influential energy events. GEEC is the first initiative under the partnership and is also seen as the starting point of a long-term strategy to integrate Vietnam more deeply into the international energy network.

ADIPEC is regarded as the meeting place for the entire global energy ecosystem: its 2025 edition drew more than 239,000 attendees from 172 countries, 2,250 companies and over 1,800 speakers. Bringing that experience to Vietnam, GEEC aims to become the gateway for the international energy community to access the Vietnamese market, and an essential destination for investors and technology and equipment providers seeking to take part in the country’s new energy investment cycle.

With a target footprint of up to 80,000 m², GEEC 2027 is expected to bring together more than 800 exhibitors and attract over 30,000 visitors, more than 450 speakers and 1,000 senior delegates from Vietnam and abroad.

Unlike conventional trade shows, GEEC covers the full energy value chain, from traditional energy sources to renewables, new technologies and energy transition solutions. It also combines the exhibition with conferences, business matchmaking and technical exchange. Investors can explore technologies and assess suppliers, while exhibitors can meet partners with investment, procurement or project delivery needs.

A defining feature of GEEC 2027 is its ability to bring together Vietnam’s entire energy ecosystem. The event is expected to feature the country’s leading energy groups and corporations, alongside major companies in power, oil and gas, LNG, coal and minerals, renewables, transmission, energy logistics and technology. The simultaneous presence of the core enterprises responsible for safeguarding national energy security will provide a comprehensive picture of Vietnam’s energy ecosystem in a single venue.

Internationally, through dmg events’ portfolio of more than 115 events, GEEC not only connects the domestic market but also opens opportunities for Vietnamese companies to engage directly with leading energy corporations, project developers, investment funds and technology providers from the Middle East, Europe, North America and Asia.

Timing also makes GEEC 2027 an opportunity not to be missed. The 2026–2030 period is when many LNG-to-power, transmission, renewable energy, energy storage and related infrastructure projects move into implementation at the same time.

At a working session on 28 July 2026, Standing Deputy Prime Minister Pham Gia Tuc highlighted the significance of the event and welcomed the partnership between VEFAC and dmg events in organising international exhibitions and conferences in Vietnam. The Standing Deputy Prime Minister stressed that the partnership offers an opportunity for Vietnam to connect with a network of leading global businesses, corporations and investors, while helping to promote trade and investment and expand international cooperation in the energy sector.

A day earlier, Minister of Foreign Affairs Le Hoai Trung received Christopher Hudson, President of dmg events – a group with more than 20 years of experience in organising international events and exhibitions, particularly in the energy and construction sectors – at the ministry’s headquarters. The two consecutive high-level meetings indicate that Government leaders’ interest extends beyond a single exhibition to the long-term presence of an international events network in Vietnam.

The meetings also signalled that energy is now directly linked to Vietnam’s high-growth targets. Electricity demand is rising not only from manufacturing and business activity but also from the growth of data centres, science and technology, innovation and digital transformation. The drive to build a diversified, modern and sustainable energy system is therefore widening the scope for capital, advanced technologies and international cooperation models.

Notably, Government leaders affirmed their readiness to help present Vietnam’s energy sector development plans, and priority projects seeking investment, to international partners. The Standing Deputy PM directed ministries and agencies to step up information sharing and encourage Vietnamese companies to take part in events organised by dmg events, find partners and expand cooperation. Measures to facilitate administrative procedures, entry and exit, visas for experts and investors, and customs clearance for exhibition goods will also be studied in accordance with regulations.

This provides an important foundation for GEEC 2027 to move beyond the scope of an exhibition and become a convergence point for the entire Vietnamese and international energy ecosystem – where policy direction, investment projects, capital, technology, supply chains and strategic partners meet. From that meeting point, Vietnam will have a stronger basis to raise its profile as a destination for global energy events and progressively realise its ambition to become a new hub for energy connectivity in Southeast Asia.

Combining VEC’s modern infrastructure with dmg events’ global partner network, GEEC 2027 is set to give Vietnamese companies a strong boost: faster access to leading-edge technologies, a shorter search for partners and a prime opportunity in the US$136.3 billion energy investment wave. Vietnam is entering its largest energy investment cycle to date, and GEEC 2027 will be an entry point for companies to take part in shaping the region’s energy future.

Find out more and register to attend or exhibit at:

https://www.globalenergyvietnam.com/ or call +84 969 599 900

Hashtag: #VEC

The issuer is solely responsible for the content of this announcement.

Tennor Global takes 65% stake in Alpha Energy’s new international arm

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Houston-based Alpha Energy forms Alpha Energy International to acquire and modernise mature oil fields; Tennor provides $500 million funding facility


HOUSTON, US – Media OutReach Newswire – 2 October 2026 – Alpha Energy, the Houston-based oil and gas upstream company, has formed Alpha Energy International to lead its expansion outside the United States and has sold a 65% stake in the new company to Tennor Global LLC.

Tennor has agreed to arrange Alpha Energy International with a $500 million funding facility, allowing the venture to move quickly on acquisitions in selected countries, including Venezuela. Alpha Energy International will be responsible for all of Alpha Energy’s future activities and investments outside the USA.

The new company will initially target mature producing fields and difficult-to-recover reserves. Alpha’s leadership team will develop the assets and run operations, while Tennor, as majority shareholder, will support the venture through its network of relationships in the target countries.

Lars Windhorst, Founder of Tennor Global, said: “Alpha’s team has a rare track record of turning around mature fields at scale, and we believe that expertise is exactly what many producing countries need today. Tennor’s role is to open doors and provide the capital to move quickly. Together, we intend to build an international oil company focused on getting more from existing fields, working in partnership with host governments and national oil companies.”

Thomas Reed, CEO of Alpha Energy International and founder of Alpha Energy, said: “The combination of Alpha’s technical and operating expertise with Tennor’s financial support and deep knowledge of key international markets provides the basis for a new type of international oil company.

“Our strategy is simple. More oil remains in existing conventional fields than has ever been produced, and since the late 1980s, improvements in technology and engineering have added more recoverable barrels from existing fields than the industry’s total greenfield exploration success. Alpha is on a mission to acquire and modernise these legacy fields. Better recovery of the world’s existing oil and gas resources is Alpha’s fundamental value proposition, and with Tennor we have the reach and resources to act.”

A team built on the Yukos turnaround

Alpha Energy has a thirty-year history of conventional reservoir development and operations across more than sixty fields, primarily on the US Gulf Coast and the shallow-water shelf of the Gulf of America. Its principals have also operated at scale internationally. The company’s COO spent more than a decade in Venezuela, including operatorship of a producing joint venture on Lake Maracaibo at over 100,000 barrels of oil per day.

Mr Reed, who will run Alpha Energy International from Houston, has 35 years of oil and gas experience with Yukos, RusPetro, JKX and Texas Petroleum Investment Company. The COO has 35 years of operations experience with Yukos and Gazprom, among others, most recently with the Venezuelan joint venture. Chris Hopkinson, CTO, has 38 years in the upstream business, including senior positions at Shell, Yukos, BG Group and KazMunayGas.

All three built Alpha’s proprietary Alpha Technical Center on their experience at Yukos, where the same performance engineering techniques added nearly one million barrels per day of production in four years with a net reduction in the total well count. The Technical Center covers subsurface evaluation, reservoir engineering, well design and facilities design.

Alpha Energy International will recover production by optimising asset performance from the wells up, using a value-driven technical limit approach and current technologies. The company works alongside national oil companies, training and handing over to local engineers as it goes.

Hashtag: #AlphaEnergy

The issuer is solely responsible for the content of this announcement.

About Alpha Energy

Alpha Energy is a Houston, Texas based oil and gas upstream company specialising in conventional reservoir development and operations. Over thirty years it has operated in more than sixty fields, primarily on the US Gulf Coast and the shallow-water shelf of the Gulf of America. Alpha Energy International, its majority-owned international arm, is responsible for all of the company’s activities and investments outside the USA.

About Tennor Global

Tennor Global is a holding and private equity company focused on energy, energy technology and artificial intelligence. It takes majority and minority stakes in public and private companies and invests in public and private debt, targeting special situations where its entrepreneurial approach and sector expertise can create value quickly. Its diversified portfolio also spans technology, industrials, natural resources, media, entertainment and sports, retail and real estate.

PRECISE and Temus establish Joint Innovation Centre to advance precision health in Singapore

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Five-year collaboration will build the technology, data, and delivery capabilities needed to translate genomic research into real-world healthcare applications under Singapore’s National Precision Medicine programme.


SINGAPORE – Media OutReach Newswire – 2 October 2026 – Precision Health Research, Singapore (PRECISE), and AI & digital transformation company, Temus, signed a memorandum of understanding to establish a PRECISE-Temus Joint Innovation Centre (JIC), a five-year collaboration to support the technology, data, and delivery capabilities for Phase III of Singapore’s National Precision Medicine (NPM) programme.

Left to Right: Mr Sng Ren Yeong, CEO, Temus; Mr Ong Ye Kung, Minister for Health and Coordinating Minister for Social Policies; Professor Patrick Tan, Executive Director, PRECISE
Left to Right: Mr Sng Ren Yeong, CEO, Temus; Mr Ong Ye Kung, Minister for Health and Coordinating Minister for Social Policies; Professor Patrick Tan, Executive Director, PRECISE

The signing took place at the Precision Health Partnerships in Singapore event, witnessed by Guest of Honour Mr Ong Ye Kung, Minister for Health and Coordinating Minister for Social Policies.

The JIC brings together PRECISE’s leadership of Singapore’s national precision medicine programme with Temus’s vision-to-value with velocity approach to transformation. It will help translate precision medicine from research into practical applications by strengthening the digital infrastructure, operating models, and safeguards needed to manage genomic data securely and responsibly.

Supporting Phase III of NPM

NPM’s Phase III, launched in November 2025, aims to sequence the genomes of about 10 per cent of Singapore’s local resident population (450,000 residents) – and build evidence on how genomic information can be used responsibly in healthcare at population scale, while continuing to support research into health and disease.

“Phase III is not simply about sequencing more genomes. It is about ensuring that NPM Phase III can manage genomic data securely and responsibly, in ways that support both research and care. The Joint Innovation Centre gives us a practical way to develop the platforms we need, keep them current and ensure they continue to meet evolving needs in this fast developing field without compromising security or scientific quality,” said Professor Patrick Tan, Executive Director of PRECISE.

The JIC builds on work that PRECISE and Temus have undertaken together since 2024, providing a proven foundation for the next phase of the partnership. This includes plans to build a secure genomics data infrastructure that handles around 13.6 petabytes of genomic data – scaling to more than 60 petabytes, cutting data-processing timelines from weeks to days, and generating genome-wide association results for 100,000 genomes. The work spans data pipelines, research platforms, and visualisation solutions.

Building on secure genomics infrastructure

The JIC aims to place this work within a longer-term operating model. Scientists and engineers will work together to develop shared platforms for processing and analysing whole-genome data efficiently, sustainably and securely. The centre will also help ensure that these platforms can be maintained and improved as programme needs evolve, rather than rebuilt for each new project.

The team will also establish structured processes and appropriate safeguards to assess and integrate emerging methodologies and technologies, including AI-enabled tools.

“Precision health is a powerful example of why technology alone is not the solution. The science is advancing at a rapid pace, and AI is giving us increasingly powerful tools, but that requires trusted data, strong engineering, appropriate safeguards and people who know how to make all of those pieces work together,” said Sng Ren Yeong, Chief Executive Officer of Temus.

“We are honoured to deepen our partnership and support for PRECISE. Together, we can help turn scientific priorities into useful platforms scalably for researchers and practitioners, while building the talent and institutional capabilities needed to sustain that progress for Singapore over the long term.”

Developing talent and delivery capability

Beyond enabling precision health and innovation, the JIC is expected to build specialist delivery capability development across Singapore’s precision health ecosystem. In partnership with PRECISE, Temus plans to explore talent development pathways for specialist consultants and engineers in areas such as computational biology and bioinformatics specific to precision medicine and genomics. These specialists would work alongside research and technology teams to build practical expertise through live projects.

For Temus, the JIC also represents a significant healthcare application of its AI Foundry, one of the priority sectors under Singapore’s National AI Impact Programme. Launched in May 2026 at ATxSummit with support from Digital Industry Singapore, the AI Foundry is hiring, developing and deploying 50 Singapore-based AI professionals in live enterprise projects, building production-grade AI assets, data pipelines, governance frameworks and human-in-the-loop systems for regulated and operationally complex environments.

Hashtag: #Temus #PrecisionHealth #Genomics

The issuer is solely responsible for the content of this announcement.

About PRECISE

Precision Health Research, Singapore (PRECISE) leads the National Precision Medicine (NPM) programme, advancing genomics to improve health and grow Singapore’s biomedical sector. Phase II sequenced 100,000 Singaporeans, while Phase III, in partnership with Singapore’s three healthcare clusters, is evaluating how genomics can be integrated into clinical care responsibly.

PRECISE is a programme of the Consortium for Clinical Research and Innovation, Singapore (CRIS). NPM Phase II is supported by the National Research Foundation, Singapore under the White Space funding (MOH-000588 and MOH-001264) and administered by the Singapore Ministry of Health (MOH) through the National Medical Research Council (NMRC) Office, MOH Holdings Pte Ltd. NPM Phase III is supported by the Singapore MOH through the NMRC Office, MOH Holdings Pte Ltd under the NMRC NPM Phase III Funding Initiative (MOH-001734).

For more information, visit .

About Temus

Temus helps public sector agencies and private enterprises transform how they work and serve citizens and customers with production-grade AI, cloud and application engineering, consulting and design, in line with Singapore’s Smart Nation and National AI ambitions. Its work spans health, defence, financial services, education and government.

Established by Temasek in 2021, Temus is about 600-strong and anchored in Singapore with a growing regional presence.

Manulife Closes Long-Term Care Reinsurance Transaction with Munich Re

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TORONTO, Oct. 2, 2026 /PRNewswire/ — Manulife Financial Corporation (“Manulife” or the “Company”) announced today that it has closed1 the previously announced transaction to reinsure biometric risk on a block of long-term care policies with $3.2 billion of reserves2 to Munich American Reassurance Company (“Munich Re Life US”), a subsidiary of Munich Re Group.

For more information on the transaction, please see the news release from our August 5th, 2026, announcement.

About Manulife

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange.

About Munich Re Life US

Munich Re Life US, a subsidiary of Munich Re Group, is a leading US reinsurer with a significant market presence and extensive technical depth in all areas of life and disability reinsurance. Beyond vast reinsurance capacity and unrivaled risk expertise, the company is recognized as an innovator in digital transformation and aims to guide carriers through the changing industry landscape with dynamic solutions insightfully designed to grow and support their business. Munich Re Life US also offers tailored financial reinsurance solutions to help life and disability insurance carriers manage organic growth and capital efficiency as well as M&A support to help achieve transaction success.

Media Inquiries

Fiona McLean
(437) 441-7491
fiona_mclean@manulife.com

Investor Relations

Derek Theobalds
(416) 254-1774
derek_theobalds@manulife.com

____________________________

Note: All figures and estimates are based on June 30, 2026, position, unless otherwise noted, and are expressed in Canadian dollar, based on exchange rate of US$1:00 to C$1.41875.

1   

The effective date of the reinsurance is July 1, 2026.

2   

IFRS reserve figure of C$3.2B at 80% quota share, reflecting IFRS 17 current estimate of present value of future cash flows + risk adjustment + contractual service margin.

 

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