World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Daikin in JV to install Singapore’s largest district cooling system

SINGAPORE: Daikin Singapore and leading Asia Pacific utilities company SP Group have formed a new joint venture to install Singapore’s largest district cooling system (DCS).

The system will serve the new TechnoPark for global semiconductor company STMicroelectronics in Ang Mo Kio, a planning area and residential town situated in the north-east of Singapore. At an estimated project value of US$370m over 20 years, it will be Singapore’s largest district cooling system to be implemented for an industrial development when operational in 2025.

Under the agreement, the JV will design and build the DCS, with SP providing chilled-water-as-a-service to meet both the manufacturing and spatial cooling needs of ST. With a cooling capacity of up to 36,000RT, it will help ST achieve 20% savings in cooling-related electricity consumption annually, as well as enable ST to reduce carbon emissions of up to 120,000 tons per year. 

Daikin and SP have also signed a separate MOU to explore the potential of district cooling in other south east Asian countries, starting with Indonesia. Under the MOU, Daikin and SP will combine their expertise, experience and resources to bring this sustainable cooling solution to the various markets to help lower their energy consumption and reduce their carbon footprint.

This project aligns with Daikin’s mission to build upon Singapore’s ongoing roadmap for greener buildings as well as the longer-term vision for a Singapore Smart-city that includes sustainability in its advocacy. The JV will be 70% owned by SP and 30% by Daikin.

In addition, Daikin will be deploying one of its most efficient 2,000 tonne HFO chillers for this project, using its latest chiller software and optimisation expertise. Daikin is also planning to launch other green initiatives, including DeCaIon (DCI), a water treatment solution that uses chemical-free electro-chemistry and an intelligent controller to eliminate scale, prevent corrosion and bio-fouling automatically.

Daikin and SP first collaborated back in 2020 to bring Singapore’s first large-scale residential centralised cooling system to the upcoming Tengah HDB Town. Both companies say they will continue to explore future opportunities to help create energy-saving models and help Singapore and the rest of Southeast Asia move towards a resilient, sustainable future.

Latest News

25th April 2025

Commission rules out earlier F-gas review

EUROPE: The European Commission has again rejected a call for an earlier review of the F-gas regulation (2024/573).
24th April 2025

Cooling AI brings data centre efficiency gains

USA: Critical cooling company Airedale by Modine is now offering an AI-enhanced version of its Cooling System Optimizer for high-density data centres. 
24th April 2025

Beijer Ref sales up 16% in Q1

SWEDEN: Wholesaler Beijer Ref has reported a net sales increase of SEK8,898m (€813m) in Q1, a 16% increase on the same period last year. 
23rd April 2025

Birds Eye view of solar-powered trailer

UK: Birds Eye is to employ two solar-powered Sunswap refrigerated trailers in its fleet transporting produce from its production facility in Lowestoft to its distribution hub at Wisbech.
22nd April 2025

Contractor guilty of £50,000 Covid loan fraud

UK: A contractor offering plumbing, heating and air conditioning installation has been convicted of fraudulently claimeing a £50,000 Covid Bounce Back loan.
22nd April 2025

Daikin and Hitachi trial AI for fault diagnosis

JAPAN: Daikin and Hitachi are to begin a collaborative trial to commercialise a generative AI agent that supports equipment fault diagnosis in factories.