Enabling companies to gain from business and technology partnership opportunities, technical support and funding
Singapore, Tuesday, 20 January 2009 - The Singapore Business Federation (SBF) and Temasek Polytechnic (TP) today inked a Memorandum of Understanding (MOU) to establish a Clean Energy Test-bedding Community (CETC) to encourage the development and adoption of Clean Energy technologies and solutions among businesses here.
The MOU was signed by SBF CEO, Mr. Teng Theng Dar and TP Principal & CEO Mr. Boo Kheng Hua in the presence of some 180 members of the local business community.
MOU aims to spur development and adoption of Clean Energy technologies and solutions
A joint initiative of SBF and TP and supported by the Singapore Economic Development Board, CETC will be the platform where companies can source for potential partners, projects and funding for business and technological cooperation to test bed and pilot fuel cell, solar energy and other clean energy technologies and applications for adoption. It aims to serve as an information hub to increase the awareness of clean energy and help businesses benefit from clean energy solutions, including saving on power and energy costs.
This initiative will complement both organizations' current green efforts in the areas of Clean Technology. SBF recently set up the SBF Clean Energy Business Group (CEBG), a Clean Energy interest group that serves as a business platform for technology partners, schemes, initiatives and business leads in the Clean Energy industry. From 2007, TP has hosted the Singapore Fuel Cell community (FCC), an EDB initiative, which aims to develop a vibrant community of technopreneurs, start-ups and partners that will innovate marketable Fuel Cell and Clean Energy products.
"Green business is about achieving sustainable economic growth. SBF is pleased to present our clean energy and sustainable development programs to our members as well as the Singapore business community to generate not only awareness and information, but also to serve as an enabling platform to facilitate, promote and support green business opportunities," Mr Teng Theng Dar, SBF CEO, said,
Mr Boo Kheng Hua, TP Principal and CEO, said, "By tapping on the technical expertise of Temasek Polytechnic and the industry partners and developers in the Fuel Cell Community, more commercially viable clean and green solutions catering to the various industries, could be developed. I am delighted that Temasek Polytechnic will be able to take such initiatives further by collaborating with SBF to set up the Clean Energy Testbedding Community. This will enable both our institutions to enjoy enormous economies of scale and synergy by joining hands towards a common purpose."
Developments and Opportuities in Clean Energy
After the signing of the MOU, members were treated to an informative series of talks on developments and opportunities in the Clean Energy sector. Various industry experts and corporate heads showcased their business strategies and expertise in this area:
Mr Kenneth Goh, General Manger, Planning, Sino-Singapore Tianjin Eco-City Investment and Development, painted an exciting business landscape of opportunities ahead for the upcoming developments of the Sino-Singapore Tianjin Eco-City.
Gashub Technology CEO, Mr. Thava Kumar and Horizon Fuel Cell Technologies CEO, Mr. George Gu, gave practical advice on how to sustain a viable business and inspired participants on the possible frontiers they could explore in the area of Clean Technology
Mr. Philip Wong, a consultant with Real Time Engineering, gave realistic approaches that Clean Energy business practitioners can use to manage the limitations and barriers which they may face when adopting Fuel Cell Power Generation.
Mr. Goh Chee Kiong, Director of Cleantech, Economic Development Board, spoke about "Positioning Singapore as a Global Clean Energy Hub". When he was asked about the possibility of Singapore developing itself into an Eco-city at the same level as Tianjin, Mr. Goh said that besides the Eco-district in Punggol, there was a soft launch of a Clean Technology Park in the Western part of the Singapore in November 2008. He elaborated that there will be a business park in Nanyang Technological University catering to Clean Tech related activities. There are plans for the business park to meet the international benchmark on low resource usage and emission levels.
Benefits of joining the Clean Energy Test-bedding Community
Through its activities, CETC members can interact with key business contacts and government officials through networking events, seminars and conferences, road shows, project marketing activities and business facilitation.
Specifically, CETC members will be able to :
- gain from access to business, industry and market contacts as well as business and technology partnership opportunities through the commercialization and adoption of clean energy solutions facilitated by CETC. For a start, 5 projects each will be identified in the first and second year of formation of the CETC.
- access business and technology support by SBF Clean Energy Business Group (CEBG) and TP Fuel Cell Community (FCC) in their project test-bedding and implementation.
- tap on business solutions support from CEBG in the form of business feasibility studies, business requirements specifications, project ROI studies, funding needs analysis and liaison for regulatory approval.
- tap on technology solutions support from TP Fuel Cell Community (FCC) in the form of technical feasibility studies and specifications, design of tailored/customized solutions and consultancy support.
- gain access to various sources of funding, including:
Government - NEA and Spring Singapore funding
Others - firms that provide venture capital, angel capital and other financing within SBF's Clean Energy Business Group
- take advantage of various go-to-market opportunities in the form of:
Local (Pilot and test-bedding)
Overseas go-to-market
Business networking and business matching
Membership is open to SBF and FCC member companies who have commercial interests in the Clean Energy sector. Non-member companies may join as associate members of SBF. Pioneer members of CETC include:
Ascendas Land (Singapore) Pte Ltd
City Developments Limited
Keppel Land Limited
United Premas Limited
AUM Business Creations Pte Ltd
Gashub Technology Pte Ltd
Horizon Fuel Cell Technologies
Real Time Engineering
For more information about the Clean Energy Test-bedding Community, please contact:
Mr. Patrick Chan
Director, Industry Development
Singapore Business Federation
Tel: +65 6827 6882
Mr. Cham Yew Thean
Manager, Fuel Cell Community
Temasek Polytechnic
Tel: +65 6780 6087
About SBF Clean Energy Business Group (CEBG)
SBF Clean Energy Business Group (CEBG) is formed with the vision of being the facilitation, promotion and supporting platform for SBF member companies with commercial and adoption interests in the clean energy sector. It will serve as a valuable platform where companies can source for potential partners, projects and funding, and serve as an information hub in the area of clean energy.
About Singapore Fuel Cell Community (FCC)
The Singapore Fuel Cell Community (FCC), launched in March 2007, is initiated and supported by the Singapore Economic Development Board (EDB) and hosted by Temasek Polytechnic (TP). It aims to spearhead the growth of a dynamic and vibrant community of partners, technopreneurs and start-ups to stimulate the development of market-driven and innovation-led fuel cell and clean energy products and solutions.
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