Singapore Power Group inks agreement with DEPsys

Free Electrons global energy accelerator is founded by eight international utilities – SP, AusNet Services (Australia), Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board, Ireland), EDP (Energias de Portugal), innogy [Germany], Origin Energy [Australia], and Tokyo Electric Power Company (TEPCO) – to collaborate with promising energy start-ups on innovative solutions for the future energy needs of customers. The program is co-organized by swissnex San Francisco.

In the Singapore leg this week, the utilities and start-ups took part in a specially organised programme to immerse themselves into Singapore's and ASEAN’s innovation and energy landscape. Mr Wong Kim Yin, Group Chief Executive Officer of SP Group, said, “SP Group is committed to drive research and innovation that benefit consumers, helping them to save energy and cost. Through Free Electrons, we can harness the best ideas co-created by promising start-ups in collaboration with the world's leading utilities, to deliver innovative solutions that will meet future energy needs at a national and global scale.”

MOU with start-ups
SP Group will ink memoranda of understanding (MOU) with two of the start-ups to test the technical viability and compatibility of solar technologies for Singapore's climate, and grid monitoring solutions. The first agreement was signed with Portuguese start-up BeOn Energy, who provides residential solar plug and play solutions. This could result in the wider adoption of cost effective solar solutions to homes. The second agreement was signed with Swiss start-up DEPsys, for a low voltage grid monitoring solution. The adoption of this solution could further strengthen SP Group’s world-class grid efficiency and reliability.

DEPsys developed GridEye, a network optimization platform, measuring, monitoring and controlling the low-voltage grid for an efficient integration of renewable energy sources at decentralized injection points. This is particularly important in presence of decentralized production from renewable energy sources, such as photovoltaic systems, and high loads, such as electric vehicles. The real-time measurement and control solution monitors and stabilizes the network. Moreover, it optimizes power flows to increase energy efficiency and it helps operators with network planning, asset management, and energy scheduling.

SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide.

(SK)