In a recent Budget speech, Prime Minister Lawrence Wong underscored Singapore’s dedication to securing a clean energy future, with a focus on exploring nuclear energy and allocating an additional $5b to the Future Energy Fund.
This move comes as the city-state faces increasing energy demands from burgeoning industries such as artificial intelligence, semiconductors, and biopharmaceuticals, making the need for a reliable and low-carbon power supply more pressing than ever.
GE Vernova, a leader in energy solutions, has offered insights into the potential role of nuclear energy and small modular reactors (SMRs) in diversifying Singapore’s clean energy mix.
Kazunari Fukui, Asia Decarbonisation Leader at GE Vernova, emphasised the importance of considering key factors such as safety and learning from global best practices in nuclear energy deployment.
The evolving energy landscape in Singapore requires a delicate balance between energy security, affordability, and decarbonisation. Ramesh Singaram, President of Gas Power Asia at GE Vernova, highlighted the need for innovations in power generation, grid modernisation, and energy storage to ensure long-term energy security and sustainability.
As Singapore seeks to future-proof its power grid to meet the growing needs of high-tech industries, regional collaboration will be crucial in securing stable and sustainable energy supplies. This strategic approach aims to position Singapore as a leader in clean energy whilst addressing the challenges posed by rising energy demands.
The exploration of nuclear energy and the substantial investment in the Future Energy Fund signal a significant step towards achieving Singapore’s energy goals, with potential implications for the region’s energy transition landscape.
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