ANNOUNCEMENT 30 Oct 2018

On 30 October 2018, the Energy Market Authority announced the provision of financial support to develop next-generation energy technologies in Singapore.
 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Energy Market Authority of Singapore, $20 Million Research Programme to Boost Singapore's Power Engineering Capabilities, 30 October 2018. Available at: https://www.ema.gov.sg/media_release.aspx?news_sid=20181029wBCLGRF7Apau

Inception date: 30 Oct 2018 | Removal date: 30 Aug 2023
Still in force

Financial grant

On 30 October 2018, the Energy Market Authority (EMA), in collaboration with the Singapore Institute of Technology (SIT), announced the provision of financial support to develop next-generation energy technologies in Singapore. 

Valued at SGD 20 million (USD 14.4 million), the Exploiting Distributed Generation (EDGE) research programme seeks to increase Singapore's power engineering capabilities through the development of next-generation distributed energy technologies. The programme is expected to develop Singapore's competitiveness in the energy sector. Examples of distributed energy include micro-grids and solar power.

The programme will run for five years and is jointly funded with SIT and the National Research Foundation's Research Innovation and Enterprise 2020 Plan.

In this context, the EMA stated that "with more distributed energy resources such as solar and micro-grids coming into place, there is an increasing need to have the capabilities to manage and integrate them with the national power system. Hence, EMA and SIT have collaborated on this research programme to boost capabilities in this area."

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

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