Singapore’s first floating energy storage system to launch in first quarter of 2024

SINGAPORE - A first-of-its-kind floating power plant with batteries that can refuel liquefied natural gas vessels, charge electric harbour craft and even generate electricity for remote islands is set to start operations in the first quarter of 2024.

It is part of a $10 million partnership between the Energy Market Authority and Seatrium to develop innovative energy solutions in the marine sector, and was announced in April 2020. The energy storage system is integrated with a smart energy management system that uses artificial intelligence and machine learning algorithms to enhance its efficiency in operations and energy distribution.

Other assets on the floating system include LNG bunkering facilities for harbour craft and small vessels, and test infrastructure for charging fully electric vessels.

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