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

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.