Woodside and Keppel Forge Deal for Liquid Hydrogen Supply to Singapore Data Centers
Key Ideas
- Woodside and Keppel have signed a term sheet for the supply of liquid hydrogen to power Keppel's data centers in Singapore.
- The agreement builds on a non-binding heads of agreement signed in April 2023 and sets the stage for a binding offtake deal by 2030.
- The liquid hydrogen will come from Woodside's proposed production facilities, emphasizing a move towards lower carbon energy sources.
- CEOs of both companies expressed enthusiasm for the collaboration, highlighting the importance of sustainable energy solutions in the evolving energy landscape.
Australia's Woodside and Singapore's Keppel have taken a significant step towards a sustainable energy future by finalizing a term sheet for the supply of liquid hydrogen. This agreement, which originated from a non-binding heads of agreement signed in April 2023, aims to provide lower carbon energy to power Keppel's data centers in Singapore. The liquid hydrogen supply, expected to materialize as early as 2030 pending a fully-termed sale and purchase agreement, will be sourced from Woodside's proposed production facilities, including H2Perth in Western Australia. Woodside's CEO, Meg O'Neill, expressed satisfaction in collaborating with Keppel to deliver cleaner energy solutions to Asia. In a similar vein, Keppel's CEO of Data Centres, Wong Wai Meng, emphasized the importance of this collaboration in ensuring a stable and sustainable energy source for their assets in Singapore. The partnership symbolizes a commitment to the energy transition and reflects a shared vision of promoting renewable energy practices. Both companies look forward to further enhancing their data centers' sustainability and serving their customers on their journey to achieving net zero emissions.
Topics
Asia
Projects
Renewable Energy
Business Collaboration
Data Centers
Energy Company
Offtake Agreement
Asset Manager
Carbon Power Portfolio
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