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Media Releases
21 Jul 2021
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- In support of the Singapore Green Plan 2030 and Singapore’s sustainable development, the Energy Market Authority (EMA) and Shell have committed an additional $4 million, with support from Enterprise Singapore (ESG), to accelerate the growth of local energy startups. This latest partnership renewal takes EMA and Shell’s joint commitment to a total of $8 million, from the $4 million in the previous partnership. More startups can now deepen their expertise in areas such as renewable energy, energy efficiency and low-carbon solutions through the Shell StartUp Engine programme. This global innovation programme will help startups develop their solutions and expand their market reach through Shell’s extensive network.
- Since the partnership kicked off in 2019, 12 startups have been supported under the Shell StartUp Engine programme. The support included capacity-building workshops, mentorship and opportunities to showcase solutions at key industry events. EMA has also awarded grants to three startups – Anzene, Pylon City and Quantified Energy (QE) Labs, to advance and test-bed their battery solutions for personal mobility devices, autonomous charging for unmanned delivery vehicles and improving the efficiency of deploying solar systems in Singapore. Details of the projects can be found in the Annex.
- Mr Ngiam Shih Chun, Chief Executive of EMA, said, “Startups add vibrancy to our energy ecosystem. They bring with them innovative solutions and nimbleness to develop new technologies. Such innovations will help to address the industry’s needs and ensure the energy sector remains relevant and dynamic. We are pleased to advance this partnership with Shell to support local energy startups in co-creating a more sustainable energy future.”
- “As part of Shell Singapore’s 10-year plan to transform our business and cut our own CO2 emissions, we believe that we must continue pushing for new ideas and piloting them with the ambition to take them to scale. Energy startups are an exciting source of such innovations, and this partnership renewal demonstrates our sustained commitment to grow the ecosystem with key stakeholders like EMA.” said Ms Aw Kah Peng, Chairman of Shell Companies in Singapore.
- This partnership is supported by ESG under the Open Innovation initiative, which leverages lead demand from government agencies and business corporations to support SMEs and startups in developing innovative solutions.
- Mr Png Cheong Boon, Chief Executive of ESG said, “Translating ideas into viable, commercial solutions requires strong partnership between the industry and the innovators. Through this Open Innovation initiative, energy startups are able to participate in projects that allow them to build up new capabilities that the market requires, and in turn gain track record for scaling up further. We are excited to support EMA and Shell’s co-innovation partnership as a conduit to nurture our energy ecosystem.”
- Application for the Shell StartUp Engine 2021 programme is now open. Interested startups may visit the Shell website for more details.
Annex: Details of Awarded Projects