In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore’s largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually.
Upon completion, ST will be able to repurpose more than 4,000sqm of freed up chiller plant space, allowing the integration of solar energy systems and other perfluorocarbons abatement equipment. Consequently, ST can reduce its carbon emissions by up to 120,000 tonnes per year, which is equivalent to removing nearly 110,000 cars off our roads.
Group CEO Stanley Huang said, “District Cooling is a key sustainable energy solution to empower a low-carbon future for cities, townships, and industrial parks. To enable the decarbonisation of Singapore’s industrial sector, we have customised this solution to help energy-intensive manufacturing developments such as STMicroelectronics’ TechnoPark reduce their energy consumption and carbon footprint in line with their sustainability strategies. With our full suite of sustainable energy solutions including solar and electric vehicle charging, we look forward to collaborating with ST to meet its net-zero targets.”
In tandem with the signing ceremony, we also announced a joint venture with Daikin Singapore which is 70% owned by SP and 30% owned by Daikin, to build the DCS at ST AMK TechnoPark, on Daikin’s premises.
More details in the media release here.