Case Study: Connected Energy
Energy Market Authority and Keppel O&M
Enable Renewables in Land-Scarce Singapore
How can a small, innovative nation-state enable its next- generation green goals?
With a first-ever floating energy storage system that eradicates human intervention and optimizes clean power generation.
Energy Market Authority and Keppel Offshore & Marine pursue next-generation green goals.
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade and Industry in Singapore. EMA’s main goals are to promote effective competition in the energy market, ensure a reliable and secure energy supply, and develop a dynamic energy sector in Singapore.
Keppel Offshore & Marine (Keppel O&M) – a subsidiary of Keppel Corporation, a Singaporean conglomerate – is the world’s largest rig builder. To support global energy transition goals, Keppel O&M is pivoting its business to clean energy. Amid a challenging climate in 2019, Keppel O&M secured >SGD 2B (USD 1.5B) in new orders, an increase of 18% YoY. It also made significant strides into the renewable energy sector, securing ~SGD 720M (USD 524M) of offshore wind projects for Germany and Taiwan.
Singapore aims to increase its renewable energy mix despite land constraints. To support this goal, EMA and Keppel O&M knew the country needed next-generation green technologies that will allow it to overcome land limitations. The organizations turned to a consortium led by Envision Digital, to pilot Singapore’s first floating energy storage system (ESS).