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Ministry of Trade and Industry

Singapore Pilots for Energy & Enterprise Decarbonisation (SPEED)

Decarbonisation, Accelerated

Last updated 19 March 2026

Singapore’s S$800m decarbonisation ambitions

At a time when investments in climate technologies are slowing down, Singapore is accelerating our ambitions.  

We are committed to achieving net-zero by 2050, and reducing our yearly emissions  

to between 45-50MtCO2e by 2035. But, as a city-state with limited land and almost no natural resources, we will need to rely heavily on technology development and effective international cooperation to meet our targets.  

This is why we’ve launched a S$800m Decarbonisation Grand Challenge (DGC) to fund technological advancements critical to Singapore’s decarbonization, focusing on the power and industry sectors (which contribute to over 85% of Singapore’s emissions).  

This is where your climate technology project comes in.

This is pie chart of the emissions profile 2023.

What is SPEED?

The Singapore Pilots for Energy Efficiency and Decarbonisation (SPEED) Programme is a new national initiative under the DGC. It supports translational Research, Development, and Demonstration (RD&D) efforts in Singapore that could lead to additional decarbonisation options for economy.

What can SPEED offer?

SPEED offers grant funding of up to 50% of the project quantum for qualifying climate technology projects in Singapore. 

In addition, SPEED will provide intangible support to qualifying companies such as:  

  • Reduced regulatory hurdles: SPEED facilitates work permits, regulatory approvals, and relevant waivers pertaining your project. 

  • Access to customers: SPEED can connect your company to Singapore's ecosystem of over 4,000 MNCs and the 100+ global energy and chemical firms operating on Jurong Island. 

  • Navigating Singapore’s business, investment and research landscape: From collaborating with research institutes and EPC partners, to connecting with prospective investors, and planning for scale-up post-pilot. 

Does my project qualify for SPEED?

Technology focus areas

SPEED focuses on decarbonisation solutions between the technology readiness levels (TRL) of 6 – 8 in the following areas: 

  • Power 

    • Solar (e.g., advanced photovoltaics) 

    • Other low-carbon alternatives 

  • Industry 

    • Electrification 

    • Energy Efficiency 

  • Cross cutting 

    • Carbon Capture 

    • Carbon Utilisation (e.g. CO2 mineralisation, CO2-to-aggregates, CO2-to-X) 

    • Carbon Sequestration (e.g. transport and storage) 

    • Hydrogen & Derivatives (e.g. Ammonia)

System enablers

  • Advanced Grid Technologies (e.g. system inertia providers, solid state transformers) 

  • Energy Storage Solutions 

Criteria

SPEED projects must serve the needs of Singapore in its decarbonisation journey, while also developing the local ecosystem in the long term. 

  • Innovative Work: Projects must involve genuine innovation carried out within Singapore that result in creation of new IP, knowledge, or insights addressing scientific and/or technological challenges. ‘Plug-and-play’ testbedding of solutions will not be accepted. 

  • Capability Development: Projects must result in sustainable, long-term capability development of Singapore's workforce and the development of local research, innovation, and enterprise capabilities. 

  • Local Presence: Foreign companies will need to establish a presence in Singapore and work with Singapore-based companies, institutes, or public agencies. 


The merits of proposals will be evaluated on the potential to meet Singapore’s needs.


Metric 

Desirable 

Discussable  

Discretionary 

Adoption readiness level (ARL) 

ARL 7-9 

ARL 4-6 

ARL 1-3 

[Decarb] Decarbonisation potential of solution if successfully scaled and deployed at scale 

> 0.25MtCO2e/year within Singapore 

> 0.10MtCO2e/year within Singapore 

< 0.10MtCO2e/year within Singapore 

[Decarb] Decarbonisation cost of solution if successfully scaled and deployed at scale 

< S$250/tCO2e 

< S$300/tCO2e 

> S$300/tCO2e 

[System Enablers] Grid Infrastructure improvements 

Resolves grid congestion, delays upgrade requirements, or increases grid resilience  

Improves speed or land intensity of new infrastructure deployment 

- 

Competitive advantage 

Unique solution without or significant lead over competition 

Innovative solution with clear pathway towards leadership 

Minimal differentiation amongst multiple similar solutions

Demand availability 

Clear demand lined up for solution 

Potential demand lined up or identified 

No clear demand for solution or final product 

Team experience 

Deep industry experience in target sector 

Some industry experience in target or adjacent sectors 

No prior industry or adjacent experience 

Unit economics 

Clear plan to reach positive unit economics 

Some plans to reach positive unit economics 

No plan to reach positive unit economics 

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