At the recent OSEA 2024 tradeshow, Minister of State Alvin Tan announced a significant SGD$100 million support package aimed at boosting growth in offshore wind, floating storage, and digitalisation over the next five years.
This strategic investment reaffirms Singapore’s role as a leader in offshore energy and aligns with global efforts to accelerate the energy transition, emphasizing innovation, decarbonisation, and collaboration across the industry.
Key highlights from OSEA 2024 include:
- Seatrium’s focus on cleaner offshore production and marine decarbonisation initiatives.
- The unveiling of Yinson GreenTech’s Hydroglyder, Singapore’s first fully electric hydrofoil vessel.
- TechX@OSEA, showcasing transformative startups driving offshore energy innovations.
- A Memorandum of Understanding among Strategic Marine, Mirai Ships Inc., and Ragnar Energy Solutions to support the growing Japanese offshore energy market.
🛠️ With initiatives spanning carbon capture and storage (CCS), alternative fuels, and advanced digital technologies, the tradeshow underscored the need for global collaboration and swift adoption of sustainable solutions.
OSEA 2024 serves as a powerful reminder of Singapore’s commitment to innovation and its role as a global maritime hub. 🌏✨
🔗 Read more about this groundbreaking announcement: https://www.renewableenergymagazine.com/ocean_energy/singapore-government-invests-100-million-singapore-dollars-20241122