22 August 2020
SP Group has contributed $20 million dollars to launch a joint lab with Nanyang Technological University.
The lab, located in NTU, will focus on energy-related projects in the areas of asset management and network operations. It is intended to house 60 researchers plus 85 undergraduate and postgraduate students, and serve as a training platform for SP Group’s engineers.
The lab will also allow researchers to analyse and monitor SP Group’s assets in real time to predict future network problems before they arise.
Also, SP Group has contributed 10 million to NTU towards setting up two endowment funds with the university which will support two outstanding NTU faculty members in their research and scholarship as well as boost early-career scientists and engineers’ research in energy and power systems.
The $30 million collaboration will “enhance the resilience of Singapore’s electricity network, improve the reliability and efficiency of supply to consumers, and nurture experts for the energy sector”, SP Group and NTU said in a joint statement.