Yahoo! Finance
Summary
STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and SP Group (SP), a leading utilities group in the Asia Pacific and Singapore’s national grid operator, announced today the signing of an agreement to install a district cooling system at ST AMK TechnoPark. At an estimated project value of 370 million USD over 20 years, it will be Singapore’s largest district cooling system (DCS) to be implemented for an industrial development when operational in 2025.
Under the agreement, SP will design, build, own and operate the DCS, providing chilled-water-as-a-service to meet both the manufacturing and spatial cooling needs of ST. With a cooling capacity of up to 36,000 refrigerant tons (RT), it will help ST achieve 20 per cent savings in cooling-related electricity consumption annually by improving aggregated chiller system efficiency, as well as enable ST to reduce carbon emissions of up to 120,000 tons per year for ST Technopark, equivalent to taking 109,090 cars off the road. This decarbonization is a result of lower energy consumption and an increased capacity to incorporate solar energy and Perfluorocarbons (PFC) abatement equipment by repurposing more than 4,000 square meters (sqm) of chiller plant space that will be freed up once the DCS is operational.
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