Singapore Power Group Hosts World Utilities’ First Conference In Singapore
Guest-of-Honour Mr Lawrence Wong, Minister for National Development and Second Minister for Finance giving his keynote address.
Singapore, 23 April 2018 – SP Group is hosting nine of the world’s leading utilities for the 2018 International Utility Working Group [IUWG] conference, from 23 to 27 April. The utilities meet annually to benchmark and share best practices on opportunities, disruption and transformation in the rapidly transforming industry. Collectively, the 10 utilities have a total asset worth of US$500 billion and serve more than 125 million customers globally.
Besides SP Group, IUWG comprises Ausgrid, China Light and Power, Commonwealth Edison Company, Consolidated Edison, Enedis, Kansai Electric Power, Shanghai Electric Group, Tokyo Electric Power Company, and UK Power Networks. IUWG was formed in 2003.
National Development and Second Finance Minister Lawrence Wong opened the event and witnessed the signing of a Research Collaboration Agreement (RCA) between SP Group and Singapore Institute of Technology (SIT). The agreement will see both SP Group and SIT co-develop innovative cost-effective energy solutions for the new SIT campus located in the upcoming Punggol Digital District, and for Singapore's future needs. SP Group and SIT are building Singapore’s first multi-energy micro-grid in the district, with a zero-emission target.
Mr Terence Donnelly, Chairman, IUWG said, “The IUWG platform brings together the collective experience of the world’s leading utilities as we advance to a more secure, accessible and sustainable energy future. Being able to tap on global insights and industry best practices will allow us to stay ahead of trends, cope with transformation and disruption, and to build up capabilities and infrastructure to support future needs.”
Mr Wong Kim Yin, Group Chief Executive Officer of SP Group, said, “SP Group is committed to enhancing the world-class reliability and efficiency of Singapore's electricity network. IUWG’s international network is valuable in enabling all members to develop innovative, sustainable solutions to help our customers save energy and cost, strengthen grid resilience and support nation-wide growth initiatives across all sectors.”
Innovate, Secure, Sustain
The theme for this year’s IUWG conference is "Innovate, Secure, Sustain". The meeting will address topical issues such as:
• Serving the digital customer of the future;
• Managing the future grid – Integrating renewable energy sources, energy storage, electric vehicle deployment and microgrids;
• Space optimisation through subterranean strategies;
• Integrating blockchain technology for the industry.
Members will also share best practices on tackling climate change and lowering carbon emissions to build a cleaner and more sustainable energy future.
Research Agreement between SP Group and Singapore Institute of Technology
From left to right: Mr Wong Kim Yin, Chief Executive Officer, SP Group; Guest-of-Honour Mr Lawrence Wong, Minister for National Development and Second Minister for Finance; Mr Brandon Chia, Head, Singapore Power Centre of Excellence; Associate Professor Ivan Lee, Vice President (Industry & Community); and Professor Tan Thiam Soon, President, SIT.
The RCA between SP Group and SIT on energy-saving solutions is an important milestone in the development of SIT@Punggol by 2023. It follows the agreement SP Group and SIT inked on 23 October 2017 at the Singapore International Energy Week to build a multi-energy micro-grid at Punggol.
Professor Tan Thiam Soon, President, SIT said, “SIT is working with SP Group to build a campus at Punggol that targets zero emissions. The first of its kind in the region, the multi-energy micro-grid will also serve as a teaching and applied research platform for SIT students and other stakeholders in the energy ecosystem. While SIT students will undoubtedly benefit through this partnership by leveraging SP’s expertise, SP will eventually have an industry-ready pool of local power engineering talent that it can tap on as well.”
Among the research projects specific to Punggol Digital District (PDD) are:
• Building of tools for the planning, optimisation and management of district energy models
• Exploring converting waste to a renewable energy source;
• Solutions to provide higher energy efficiency around the campus.
The projects will enable SIT to tap on green energy sources, increase efficiency and savings, provide students with a living experimental laboratory to learn from, and help nurture local power engineering talent.
About SP Group
SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. Close to 1.5 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost.
For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG
About Singapore Institute of Technology
Singapore Institute of Technology (SIT) is Singapore’s university of applied learning. It aims to be a leader in innovative university education by integrating learning, industry and community. SIT offers applied degree programmes targeted at growth sectors of the economy with a unique pedagogy that integrates work and study. It also offers specialised degree programmes in partnership with world-class universities. To find out more about SIT, visit singaporetech.edu.sg.