SEMI Energy Collaborative Releases Recommendations for Building Low-Carbon Energy Supply in Singapore
MILPITAS, Calif., Feb. 26, 2025 /PRNewswire/ -- The SEMI Energy Collaborative today publicly released its analysis and report: Challenges and Potential Solutions for Acceleration of Low-Carbon Energy Deployment in Singapore. Now available for download, the report combines input from SEMI and its Energy Collaborative sponsors and suggests solutions for policymakers, low-carbon energy (LCE) developers, and semiconductor industry companies to further increase the pace and scale of access.
The report references the International Energy Agency, noting that as global tech giants and other companies set net-zero emission targets for their growing operations and supply chains, Singapore needs to expand its access to LCE to meet environmental needs and maintain the global competitiveness of its export industries. Singapore's semiconductor industry contributes more than 9% of the nation's GDP and 11% of the global chip output. By 2035, Singaporean companies aim to adopt 21 to 26 TWh of LCE annually, approximately 30% of the country's total power consumption. However, it is difficult for companies to source the LCE they need, and future projections indicate challenges.
The Energy Collaborative has identified six key areas of LCE policy-related actions for Singapore. Each recommendation is supported by detailed analysis of current and historical market conditions. In summary, the EC recommends the following strategies for scaling up LCE adoption:
- Signing an energy import declaration with neighboring countries
- Expanding the role of Singapore's transmission system operator (TSO) to include ownership of electricity import infrastructure
- Establishing a "one-stop shop" for import plan permits
- Leveraging the Future Energy Fund to support the adoption of low-carbon alternatives
- Maximizing Singapore's solar potential and providing outlook certainty
- Developing a robust ASEAN green hydrogen ecosystem to satisfy the long-term clean energy needs for Singapore
"SEMI and our Energy Collaborative sponsors recently presented our recommendations to the Singapore Ministry of Trade & Industry, as well as the Energy Market Authority, and engaged in very productive discussions," said Dr. Mousumi Bhat, Vice President, SEMI Global Sustainability. "Alongside key members of the semiconductor value-chain, we will continue to hold regular dialogues to explore progress and new opportunities to expand LCE in the Republic of Singapore."
The Energy Collaborative aims to reduce global semiconductor ecosystem carbon emissions as well as understand and clear regulatory and market-based roadblocks that hinder installing and procuring low-carbon energy sources in the Asia-Pacific region. The Energy Collaborative partners with civil society and other organizations which share similar objectives to leverage expertise and strengthen the voices calling for expanded access to LCE.
Singapore is the fourth market report released and follows South Korea, Japan and Taiwan. Downloads available.
Organizations interested in joining the effort are encouraged to explore Energy Collaborative sponsorships or contact the Energy Collaborative at [email protected].
About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Association Contact
Samer Bahou / SEMI Corporate
Phone: +1 408 943 7870
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