SP Group (SP) has embarked on S$30 million in research and education initiatives with Nanyang Technological University, Singapore (NTU Singapore), to enhance the resilience of Singapore’s electricity network, improve the reliability and efficiency of supply to consumers, and nurture experts for the energy sector.
The collaboration will see the establishment of the SP Group-NTU Joint Laboratory to explore energy-related projects in the areas of asset management and network operations. Through the joint lab, which SP has set aside S$20 million to fund, new research topics will be identified which will support SP’s vision to develop solutions for the Energy Grid of the future.
In addition, SP is contributing S$10 million to NTU to set up two endowment funds at the university to support and groom next-generation experts in Singapore’s energy sector.
“Singapore has one of the most reliable electricity networks globally. We must continue to develop and grow our local capabilities to prepare for the future. This collaboration between NTU and SP Group will boost our network resilience and develop innovative solutions that will serve our future energy needs,” said Dr Tan See Leng, Second Minister for Trade and Industry.