The Energy Market Authority (EMA) and Royal Dutch Shell Public Limited Company (Shell) has renewed their partnership in supporting energy start-ups in Singapore and have committed SGD4 million with aid from Enterprise Singapore (ESG) to finance investments. The additional financing increases the overall commitment of EMA and Shell to SGD8 million, up from SGD4 million in the prior partnership.
ESG is supporting this collaboration through its Open Innovation project, which takes advantage of lead demand from government agencies and corporations to help small and medium-sized businesses and start-ups build innovative energy solutions. The Shell StartUp Engine programme, since its initiation of the partnership in 2019, has invested in a total of twelve start-ups. This includes funding for Anzene’s universal battery pack project for personal mobility devices, Pylon’s sustainable charging infrastructure project for autonomous delivery vehicles, and Quantified Energy Labs Private Limited’s solar photovoltaics deployment project.