Templewater launches Oman energy transition fund

Hong Kong private-equity manager Templewater has partnered with Oman's Future Fund Oman to launch the country's first Energy Transition Fund, aiming to link Asian clean-energy suppliers with Gulf markets shifting away from oil. The fund will start with US$200 million in capital, with the Omani sovereign committing US$100 million as a cornerstone investor. Over the next decade the vehicle will scout, cultivate and help localise Asian companies in clean molecules, energy storage, e‑fuels, smart mobility, renewables, battery recycling and green data centres. Templewater highlights battery technologies, core components and specialised EVs such as autonomous logistics vans as priority sectors, reflecting rising investor interest across the energy-transition supply chain. The initiative aligns with regional decarbonisation targets: the Gulf Cooperation Council has pledged US$100 billion for renewables by 2030 and Oman aims for net zero by 2050 under Vision 2040. Hong Kong’s policy push on hydrogen trials and a large-scale EV battery recycling facility reinforces the city’s role as a launchpad for companies seeking international expansion while leveraging its legal and financial infrastructure. Established in 2018, Templewater oversees about US$1.5 billion and is also exploring AI-driven robotics and healthcare investments in the Middle East.