While there is strong current interest in diversifying the conventional energy supply to include renewable resources, it is equally important from the sustainability standpoint is to use energy as efficiently as possible to manage the energy demand prudently.
Energy storage systems with higher energy and power densities than what are currently available are needed for sustainable urban mobility; and power grids with increasing integration of intermittent renewable sources.
Natural gas is widely regarded as the fuel for the future. It is the primary energy source for Singapore’s electricity, and of strategic importance to sustain Singapore’s competitive position.
Renewable Energy Sources
Concerns over pollution, climate change and sustainability of our fossil based energy sources have motivated the move towards renewable sources. In the area of alternative energy, solar energy remains to be the most ready form due to its immediateness and abundance.
The exponential growth in energy demand is a great strain on conventional power grids. An alternative i.e. “smart-grid” is envisioned to address these challenges. Smartness in grids implies the set of evolving technologies that are being deployed at different rates in a variety of settings depending on local conditions such as the technologies in use, regulatory and investment frameworks.