Keppel’s Infrastructure Division signed a non-binding memorandum of understanding with Huawei International to co-develop renewable energy solutions, focusing on photovoltaic (PV) and battery energy storage systems (BESS).
The solutions will be tailored to selected projects, including interconnected power grids across Asean, low-carbon data centres, smart industrial parks, and digital energy management for hybrid energy systems. The goal is to lower the carbon intensity while boosting operational stability and cost efficiency of those projects.
When operational, the projects will be integrated with the Operations Nerve Centre (ONC) at Keppel Infrastructure @ Changi in Singapore. The ONC uses Keppel’s proprietary artificial intelligence and machine learning tools for real-time monitoring and control as well as performance optimisation.
In Singapore, Keppel and Huawei are collaborating on a demand response initiative featuring a BESS developed at Keppel Infrastructure @ Changi. The move will enable the two companies to further explore smart operations and maintenance solutions to enhance the performance, reliability and efficiency of renewable assets.
Beyond Singapore, the companies plan to jointly develop go-to-market strategies and deploy renewable energy solutions across targeted regions.
“Energy storage is essential to overcoming the intermittency of renewable energy systems. Through this partnership, we will harness Huawei’s digital power technologies and Keppel’s deep expertise in energy infrastructure to enhance the reliability and seamless integration of renewables with state-of-the-art energy storage. Together, we aim to develop advanced technology and engineering solutions that optimise life-cycle costs, enhance safety, and elevate operational excellence across the identified projects as well as new pursuits,” says Cindy Lim, CEO of Keppel’s Infrastructure Division.
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Maxi Wang, CEO of Huawei International, adds: “Our collaboration with Keppel…not only meets the growing demand for renewable energy to support Singapore’s global leading position in green development – we are reshaping the future of energy innovation. Together, we aim to empower businesses and communities, drive economic growth and accelerate the global transition to a low-carbon economy.”
According to a joint press statement, the abovementioned developments are not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel for the current financial year.
