Source: Media Outreach
About Senoko Energy Pte Ltd
Senoko Energy Pte Ltd provides energy for life to generations of Singaporeans, delivering safe, innovative, and efficient energy supply to customers since 1977. Integral to Singapore’s development, it is a pioneer in power generation and energy solutions, serving Singapore’s energy needs with proven reliable performance.
As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a licensed capacity of 2,807 megawatts (MW), providing about one-fifth of the nation’s electricity needs. The company launched its retail brand in 2018, offering retail products and services for Singapore households and small and medium enterprises (SMEs) in the Open Electricity Market.
Senoko Energy aims to be an energy provider with a positive impact on the environment by advancing sustainability in its operations as well as in its various CSR programmes. It was the first power generation company in Singapore to import clean natural gas for power generation in 1992, and first to launch a combined cycle plant in 1996. Senoko Energy has achieved a 42 per cent reduction in its carbon footprint since 2000.
Senoko Energy is the winner of the inaugural Singapore Energy Award in 2013 and is ISO certified in business continuity, business processes, environmental and work safety, and quality, amongst others. In 2019, the company was also awarded the SkillsFuture Employer award.
Senoko Energy has subsidiaries providing retail of electricity and related services, fuel storage tank leasing and terminal services, and gas operations services. It is owned by a consortium comprising Marubeni Corporation, ENGIE, The Kansai Electric Power Co. Inc., Kyushu Electric Power Co. Inc. and Japan Bank for International Cooperation.
Visit www.senokoenergy.com for more information.
About ELECTRIFY
ELECTRIFY is a Singapore-based energy innovation company established in March 2017 to address the need for transparency and security against the backdrop of increasingly liberalised electricity markets around the world. ELECTRIFY has developed a utility-grid wide peer-to-peer (P2P) energy trading platform that will potentially drive the adoption of renewable energy.
ELECTRIFY launched Electrify.SG in July 2017, Singapore’s first retail electricity marketplace. This marketplace was built to help electricity consumers select the most suitable energy plan for their needs. The cloud-based platform has transacted over 60GWh of electricity since its launch and helped over 500 commercial and industrial companies in Singapore save a combined S$1.5 million.
ELECTRIFY’s longer-term vision is to drive a sustainable energy future built around energy-innovation technologies, such as IoT, AI and blockchain. Using real-time data, it has developed a contracting platform which facilitates P2P energy trading across an existing city-wide grid. Individual producers of energy, such as owners of solar panels, will be empowered to sell excess power to other consumers across the power grid. In February 2019, ELECTRIFY completed a successful alpha test with 12 consumers and three producers.
Following a strategic investment from TEPCO Frontier Partners, a subsidiary of the Tokyo Electric Power Company (TEPCO), ELECTRIFY entered a Memorandum of Understanding with TEPCO to explore the deployment of its technology for the Japanese market.
ELECTRIFY is poised to play a significant role in the Asia-Pacific energy landscape for years to come with upcoming projects in the region.
For more information, visit www.electrify.asia/
About ENGIE Factory Asia-Pacific
ENGIE Group is a global energy and services group that focuses on three core activities: low-carbon power generation (mainly based on natural gas and renewable energy), global networks of energy infrastructure and customer solutions (focused on smart cities). ENGIE Factory Asia-Pacific is the venture arm of the ENGIE Group in Asia.
ENGIE Factory’s mission is to accelerate the transition to a zero-carbon society by partnering with startups and aspiring founders who share the same drive to deliver real impact. We build, scale and invest in startups and individual founders who believe they can solve these global challenges. How we do this is in three different approaches.
In the first approach, we commit to innovative ventures right from the beginning. We identify great founders and entrepreneurial teams to co-create new business models and start impactful companies.
In the second approach, we partner with high growth startups to expand solutions to global customers. We are always on the lookout for startup solutions that can open new business opportunities or solve pain points that we have identified in our ENGIE businesses.
Last but not least, our third approach is to invest in startups from the sectors of sustainability and smart cities. We invest through our Engie New Ventures €180 million fund and take minority stakes in technology startups that complement existing activities and resources to spur internal innovation within Engie Group.
Visit www.apac.engiefactory.com for more information.
– Published and distributed with permission of Media-Outreach.com.
