Keppel and Engie Sign MOU to Develop Innovative Low-Carbon Energy Solutions

TigerNews SG

Oct 30

Keppel Limited and ENGIE Energy Market Singapore (Engie) have signed a memorandum of understanding (MOU) to collaborate on developing innovative energy solutions for low-carbon energy systems.

The agreement was announced during the ASEAN-France Forum at Singapore International Energy Week, an event organized by the Energy Market Authority (EMA).

Keppel stated that the partnership will leverage its expertise in power generation, decarbonization, and energy transition solutions, combined with Engie’s global experience in integrated low-carbon energy systems.

The collaboration aims to accelerate innovation and deliver scalable solutions to support sustainable energy adoption and investment across the Asia-Pacific region, including hard-to-abate sectors.

Under the MOU, the two companies will focus on optimizing energy systems and price risk management, advancing low-carbon and renewable energy solutions, expanding renewable power purchase agreements (PPAs), enhancing energy storage and flexibility capabilities, and developing integrated energy solutions. Additionally, they will work on fostering innovation, market development, and policy collaboration to accelerate the energy transition.

Shares of Keppel closed at $9.89 on October 29, up 5 cents or 0.508% for the day.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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