A groundbreaking partnership between ACwise and Ngee Ann Polytechnic’s Centre for Environmental Sustainability (CfES) has enabled Singapore building owners to save $12m in energy costs over the past six months. This collaboration focuses on integrating ACwise’s NanoRefrigerant technology into HVAC systems, significantly improving energy efficiency and reducing emissions.
The initiative is part of Singapore’s efforts to meet its Green Plan 2030 targets, which include reducing carbon emissions from buildings, a sector responsible for over 20% of the nation’s emissions. The carbon tax increase from $5 to $25 per tonne of CO2 equivalent in 2024, with a further rise to $45 by 2026, underscores the urgency of adopting energy-saving technologies.
Seo Eng Joo Food Hub, managing large cold storage facilities in Southeast Asia, reported a 19% reduction in HVACR energy consumption. Similarly, Song Fish, a leading frozen seafood supplier, achieved a 12.3% reduction in energy use through a recent trial.
Tommy Chan, CEO of ACwise, highlighted the broader impact of the collaboration: “We’re creating a replicable framework that demonstrates how academic insights can drive meaningful industry transformation.” Jason Tang, Chief Sustainability Officer at Ngee Ann Polytechnic, added, “Our collaboration with ACwise exemplifies bridging innovative research with real-world applications.”
The partnership not only delivers immediate cost savings but also encourages reinvestment into sustainable upgrades like solar panels, enhancing Singapore’s green ecosystem. As the nation accelerates its Green Plan 2030 efforts, this collaboration serves as a model for integrating certified solutions into existing infrastructure, paving the way for a sustainable future.
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