Singapore backs smart energy grid

Research money will be channelled towards managing Singapore’s gas, solar and thermal energy under a smarter energy grid system, Prime Minister Lee Hsien Loong has announced.

Some of the S$19 billion set aside as part of the Research, Innovation and Enterprise 2020 plan will be dedicated to developing the new grid.

Researchers will look at options such as using “cold energy” – which comes from converting liquefied natural gas to its gaseous form – to cool buildings, industry and vehicles, which could save more than S$180 million a year.

Under the Paris climate agreement, Singapore has committed to cut carbon emissions per dollar of gross domestic product by 36% by 2030 – down from 2005 levels – and to stabilise emissions.