Singapore Pilots for Energy & Enterprise Decarbonisation (SPEED)

Decarbonisation, Accelerated

Last updated 27 April 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.

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

Examples of ineligible or deprioritised projects

Not all decarbonisation solutions may result in national abatement or meet the SPEED eligibility criteria.

Examples of ineligible projects

Scenario	Reason for Ineligibility
Case 1: Deployment of conventional solar with traditional installation methods Singapore-based solar developer deploys silicon solar PV panels for a solar canopy. Supporting structures used are also conventional structures/materials.	Deployment is 'plug-and-play' No technology delta to be addressed, nor local innovation present. While the cost is expected to be higher than typical installations, both silicon PV and supporting structures have limited technology risks that require Government support via SPEED.
Case 2: Deployment of new technology for EV charger Singapore-based company collaborates with EV charger technology provider to deploy next-gen chargers with improved efficiency.	Out of scope. Not within focus areas of power and industry. EV chargers would fall under the transport sector which is out of scope for SPEED.
Case 3: Pilot of customised integration solution to improve energy efficiency in a factory Foreign manufacturer with a Singapore-based entity deploys highly customised integration solution for the unique processes in its factory to optimise energy efficiency.	Limited decarbonisation potential-at-scale. Solution is customised for the factory’s unique set-up and unlikely to be easily adopted by other manufacturers, limiting adoption.

Scenario

Reason for Ineligibility

Case 1: Deployment of conventional solar with traditional installation methods

Singapore-based solar developer deploys silicon solar PV panels for a solar canopy. Supporting structures used are also conventional structures/materials.

Deployment is 'plug-and-play' No technology delta to be addressed, nor local innovation present. While the cost is expected to be higher than typical installations, both silicon PV and supporting structures have limited technology risks that require Government support via SPEED.

Case 2: Deployment of new technology for EV charger

Singapore-based company collaborates with EV charger technology provider to deploy next-gen chargers with improved efficiency.

Out of scope. Not within focus areas of power and industry. EV chargers would fall under the transport sector which is out of scope for SPEED.

Case 3: Pilot of customised integration solution to improve energy efficiency in a factory

Foreign manufacturer with a Singapore-based entity deploys highly customised integration solution for the unique processes in its factory to optimise energy efficiency.

Limited decarbonisation potential-at-scale. Solution is customised for the factory’s unique set-up and unlikely to be easily adopted by other manufacturers, limiting adoption.

Examples of deprioritised projects

Scenario	Reason for Deprioritisation
Case 1: CO₂-to-SAF production Singapore-based energy & chemicals company collaborates with carbon utilisation (CCU) technology provider to pilot CO₂-to-SAF production using captured CO₂.	Uncertain decarbonisation contribution towards national abatement. Non-permanent CCU pathways are not yet internationally recognised to allow abatement to be accrued to Singapore, as CO₂ may be re-emitted.
Case 2: Deployment of liquid hydrogen carrier Singapore-based company collaborates with liquid hydrogen carrier builder to pilot transportation of liquid hydrogen to Singapore.	Immature global supply chains. Hydrogen production will need to be scaled up at a reasonable price, limiting development of the pathway. Singapore is also unlikely to be a major technology player in the ship-building sector, limiting sustainability capabilities built.

Scenario

Reason for Deprioritisation

Case 1: CO₂-to-SAF production

Singapore-based energy & chemicals company collaborates with carbon utilisation (CCU) technology provider to pilot CO₂-to-SAF production using captured CO₂.

Uncertain decarbonisation contribution towards national abatement. Non-permanent CCU pathways are not yet internationally recognised to allow abatement to be accrued to Singapore, as CO₂ may be re-emitted.

Case 2: Deployment of liquid hydrogen carrier

Singapore-based company collaborates with liquid hydrogen carrier builder to pilot transportation of liquid hydrogen to Singapore.

Immature global supply chains. Hydrogen production will need to be scaled up at a reasonable price, limiting development of the pathway. Singapore is also unlikely to be a major technology player in the ship-building sector, limiting sustainability capabilities built.

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