As Singapore pushes to rework its financial system into one that’s extra digital and innovation pushed, the difficulty of energy safety has develop into an existential one. This has led the nation to “seriously study” the potential of advanced nuclear energy applied sciences, stated Minister-in-charge of Energy and Science & Technology Dr Tan See Leng.
Dr Tan, who can also be Minister for Manpower, spoke about Singapore’s energy transition for a low-carbon future, whereas securing its energy resilience, on the Ministry of Trade and Industry’s (MTI) Committee of Supply debate on Monday (March 2).
“As demand grows and as we decarbonise, the Government will continue to strike a pragmatic balance between energy sustainability, security, and affordability.
“Decarbonisation will include prices, however can’t and won’t be in any respect prices,” Dr Tan said.
Nuclear energy can be ‘safe, reliable, and cost-competitive’
The minister provided the House with an update on the progress of Singapore’s solar and low-carbon alternatives efforts.
He noted that while “outstanding” progress has been made in solar energy deployment and low-carbon solutions, they are either insufficient, or not ready for deployment at scale, due to technological nascency or under-development supply chains.
“Thus, whereas we might not have decided, we’re critically learning the potential deployment of advanced nuclear energy applied sciences, equivalent to small modular reactions.
“Nuclear energy has the potential to be a safe, reliable, and cost-competitive option,” defined Dr Tan.
Setting out what this implies, the House was informed that 5 one-inch-tall uranium pellets – every smaller than a thumb – can generate the identical quantity of energy as one Olympic-sized swimming pool of pure fuel.
Given Singapore’s land shortage, Dr Tan stated that Singapore is intensifying its functionality constructing efforts, particularly in nuclear security and expertise evaluation.
The minister assured the House that these shall be finished in keeping with the International Atomic Energy Agency’s milestones method, including that the town state will companion worldwide leaders such because the United States, France, and the Republic of Korea.
“Public trust will be essential. We will work closely with partners on raising awareness for not just nuclear, but more fundamentally, the existential nature of energy,” Dr Tan stated.
Singapore, Korea energy authorities signal MOU on civil nuclear energy cooperation
As half of South Korea President Lee Jae Myung’s state go to to Singapore from March 1 to three, the Energy Market Authority of Singapore (EMA) and Korea Hydro & Nuclear Power Co Pte Ltd (KHNP) signed a memorandum of understanding on civil nuclear energy functionality constructing in small modular reactions (SMR) on Monday.
Under the MOU, the 2 companies will conduct joint research of SMRs for potential functions in Singapore, collaborate in human useful resource improvement and coaching, and share technological data and greatest practices within the area of advanced nuclear applied sciences.
In a factsheet to the media, EMA stated that the MOU is an element of its efforts to review varied pathways to decarbonise Singapore’s energy system.
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