Singapore, 29 May 2023
A tidal-energy demonstration off the grid* of Singapore will start generating power for the first time in South East Asia. NYK is participating in this demonstration project, which is being conducted by Bluenergy Solutions, a marine renewable energy solution provider, off Raffles Lighthouse on Satumu Island, about 14 kilometers from the main island of Singapore.
The project aims to commercialize the generation and supply of electricity from tidal energy, thereby contributing to the early realization of a decarbonized society. Tidal energy uses tidal currents, which are stable in volume and direction throughout the year, making them an extremely efficient renewable energy source, featuring a generated amount of power, that is easy to predict. In order to contribute to the early realization of a decarbonized society by using ocean energy, NYK will evaluate the power generation efficiency, the cost of power generation, and storage with project members.