Singapore’s Keppel Offshore & Marine (Keppel O&M) and government body Energy Market Authority (EMA) have formed a $10m partnership for the development of energy solutions in the areas of distributed energy resources, digitalisation and emerging low carbon alternatives.
Under the MOU signed by Keppel O&M and EMA, the two parties are launching a grant call for solutions relating to energy storage systems and smart power grids for the offshore and marine environment to reduce overall energy usage and carbon footprint while enhancing overall operational efficiency. The grant call is open for applications by June 24.
The participants will have the opportunity to testbed their solutions through Keppel O&M’s Floating Living Lab (FLL), which will provide a platform for the industry and the research community to testbed and commercialise promising power and technology solutions for the marine sector.
The FLL is expected to be operational by 2021.
“We hope to develop innovative energy solutions for the marine sector through this partnership with Keppel O&M. We are seeking solutions that incorporate the use of cleaner energy, optimise energy consumption and reduce carbon emissions. By doing so, we are building Singapore’s Energy Story by co-creating solutions for a more sustainable energy future with stakeholders,” said Ngiam Shih Chun, chief executive of EMA.