Woodside Energy and Keppel Collaborate on Liquid Hydrogen Supply for Singapore Data Centres
Key Ideas
- Woodside Energy and Keppel have signed a conditional offtake term sheet for the supply of liquid hydrogen to power Keppel's data centres in Singapore.
- The agreement aims to contribute to a larger, long-term utility-scale lower carbon power portfolio that Keppel is developing to enhance sustainability.
- Both CEOs, Meg O'Neill and Wong Wai Meng, expressed enthusiasm for the collaboration, emphasizing the importance of transitioning towards lower carbon energy sources.
- The potential binding offtake agreement is expected as early as 2030, further solidifying the commitment to incorporating hydrogen in the energy mix.
Woodside Energy and Keppel have taken a significant step in the direction of sustainable energy by signing a conditional offtake term sheet for the supply of liquid hydrogen. This agreement will see Woodside supplying liquid hydrogen to power Keppel's data centres in Singapore. The collaboration is part of Keppel's broader strategy to develop a long-term utility-scale lower carbon power portfolio. The sources of liquid hydrogen will be from Woodside's proposed production facilities, including H2Perth. Both CEOs, Meg O'Neill of Woodside and Wong Wai Meng of Keppel, have expressed positivity towards the partnership, highlighting the importance of transitioning towards lower carbon energy sources. The signing of the term sheet follows a non-binding Heads of Agreement signed in 2023, with the potential for a binding offtake agreement as early as 2030. This collaboration indicates a commitment to advancing sustainability efforts and embracing hydrogen as a key element in the energy transition. Keppel aims to utilize the potential liquid hydrogen supply to power its assets in Singapore, aligning with their focus on innovation and reducing carbon emissions. As the energy transition progresses, both companies are positioning themselves to better serve their customers' needs while contributing to a more sustainable future.
Topics
Asia
Oceania
Innovation
Energy Transition
Sustainable Energy
Carbon Reduction
Partnership
Data Centres
Offtake Agreement
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