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Investing in emerging low-carbon energy technologies will allow us to gain a first-mover advantage when they eventually become commercially viable.
Overview
Technologies such as hydrogen and geothermal energy can potentially help us further reduce our carbon emissions. We are currently exploring these technologies to ensure we are ready to harness them if they become technically and commercially viable in the future.
Under the multi-agency Low-Carbon Energy Research Funding Initiative (LCER FI), the Singapore government has awarded 12 research, development and demonstration projects on low-carbon energy technology solutions. The initiative is co-driven by EDB and EMA while A*STAR is the implementing agency. By connecting to regional power grids, we are able to access low-carbon electricity that would otherwise be hard to get. It also speeds up the development of renewable energy in the region, fostering more stable and resilient energy systems for the countries involved.
Hydrogen
Hydrogen is a key potential decarbonisation pathway for Singapore to achieve its net-zero emissions target by 2050.
It offers opportunities for us to diversify our fuel mix in areas like power generation and transport. If produced from renewable energy sources, it could also help to decarbonise power generation and other emissions-heavy sectors.
Although the hydrogen industry is still developing and lacks a mature global supply chain, there is strong international interest from public and private sectors in accelerating its development across the entire value chain.
In Singapore, there has been strong interest following EMA and MPA's joint call for Expression of Interest to develop low- or zero-carbon ammonia power generation and bunkering solutions in Jurong Island. Both agencies have shortlisted six consortiums to participate in a Request for Proposal in the next steps before appointing an eventual developer.
Geothermal
Traditional geothermal technologies require hot permeable reservoirs located relatively close to the surface.
To assess the geothermal energy potential across Singapore, EMA issued a Request for Information to conduct a geophysical investigation project. Progress in technologies such as the Advanced Geothermal Systems has opened up the possibility of quality geothermal resources at greater depths.
Other Technologies
We are also exploring other energy technologies such as Carbon Capture, Utlitisation and Storage (CCUS).
CCUS involves capturing carbon dioxide emitted by sources like power plants and transforming it into useful products or storing it to prevent atmospheric release.
There are challenges in implementing CCUS technologies domestically as Singapore lacks suitable underground storage options for carbon dioxide. In addition, these technologies are still in early stages of development and are costly.
Hence, we have commissioned studies to better understand the potential for CCUS pathways to reduce Singapore’s carbon emissions in the longer term.