Singapore Urged to Enhance Nuclear Capabilities for Hydrogen Deployment
Key Ideas
- RHB analysis highlights the need for Singapore to build up nuclear energy capabilities to support hydrogen deployment.
- Prime Minister Lawrence Wong acknowledges challenges in hydrogen production and plans to study nuclear energy deployment.
- Singapore has signed agreements with the US for civil nuclear cooperation and is exploring partnerships with other countries.
- Government injects additional capital into the Future Energy Fund to support advancements in energy capabilities.
In Singapore's push towards enhancing its energy capabilities, the country is urged to focus on developing its nuclear energy sector to support the deployment of hydrogen. RHB's analysis of the Singapore 2025 budget emphasized the importance of building up capabilities in nuclear energy to address challenges in hydrogen utilization. Prime Minister Lawrence Wong highlighted the difficulties in scaling up hydrogen production, storage, and transportation in a commercially viable manner. To tackle these issues, Singapore is considering the potential deployment of nuclear energy. The government has already established agreements with the US for civil nuclear cooperation and is looking to collaborate with other nations experienced in civilian nuclear power, particularly in small modular reactors. Additionally, Singapore has bolstered its commitment to advancing energy technologies by injecting more capital into the Future Energy Fund. These initiatives aim to pave the way for a more sustainable and innovative energy landscape in Singapore.