Private equity firm sees EV and energy-storage opportunities as Middle East shifts away from traditional oil reliance
Hong Kong private-equity manager, Templewater, sees significant opportunities in connecting Asia’s fast-growing electric vehicle (EV) and energy-storage industries with Middle Eastern markets seeking clean-energy solutions as the region shifts away from oil reliance.
Templewater, which this month held a signing ceremony in Hong Kong with Omani sovereign wealth fund Future Fund Oman for the launch of Oman’s first Energy Transition Fund, believes the fund will appeal to investors aiming to tap into Asia’s clean-energy growth story.
Yufeng Wan, partner and head of energy transition at Templewater, said battery technologies, core components and specialised EVs such as self-driving logistics vans were already a strong investment focus in Asia.
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