EMA, Shell commits $4m to boost local energy startups

The two have previously partnered on the same project last year.

The Energy Market Authority and Shell are renewing their partnership to boost local energy startups with a commitment of $4m to the Shell StartUp Engine programme.

The partnership was first launched in 2019 with an initial $4m, bringing the total to $8m. The support included capacity-building workshops, mentorship, and opportunities to showcase solutions at key industry events.

“As part of Shell Singapore’s 10-year plan to transform our business and cut our own CO2 emissions, we believe that we must continue pushing for new ideas and piloting them with the ambition to take them to scale. Energy startups are an exciting source of such innovations, and this partnership renewal demonstrates our sustained commitment to grow the ecosystem with key stakeholders like EMA.” said Aw Kah Peng, Chairman of Shell Companies in Singapore.

The partnership is supported by ESG under the Open Innovation initiative, which leverages lead demand from government agencies and business corporations to support small and medium enterprises and startups in developing innovative solutions.

Application for the Shell StartUp Engine 2021 programme is now open. Interested startups may visit the Shell website for more details.