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Boosting Campus Solar Energy Production at NTU

Image Credits: NTU Singapore, Press Release

As part of the University’s climate commitment, NTU Singapore is investing SG$5.7 million to ramp up solar energy production. The initiative will see over 13,000 new solar photovoltaic (PV) panels installed on the NTU Smart Campus, in addition to the University’s existing 19,000 solar panels installed in 2015. These solar PV panels absorb sunlight and convert it into electricity to power NTU’s buildings and facilities.

When completed by the last quarter of 2023, the solar energy generated by the campus-wide solar PV system will increase by 74% compared to the current output. This means that the University will be able to churn out 11.8 million kilowatt-hours (kWh) of clean energy annually – enough to power over 5,300 two-room HDB flats for a year.

As all buildings and facilities on the NTU campus are currently partially powered by solar-generated electricity, the expansion of solar energy into its energy supply mix could help the University reduce 4,800 tonnes of carbon emissions a year.

The initiative is part of NTU’s commitment to sustainability as outlined in the University’s five-year strategic plan NTU2025 and is funded by the proceeds from the issuance of the NTU sustainability-linked bond launched in Oct 2021, which supports the University’s wide-ranging corporate and sustainability goals and activities aligned with its Sustainability Manifesto. It is also in line with the Government’s target to increase solar energy deployment here by five times by 2030 under the Singapore Green Plan.

Recent research found that the global green technology and sustainability market size was valued at US$10.32 billion in 2020, and is projected to reach US$74.64 billion by 2030, growing at a CAGR of 21.9% from 2021 to 2030. Green technologies include eco-friendly solutions that result in economic and social sustainability.

In clean technology production energy, an alternative natural fuel is used to generate power. Compared to fossil fuels, this fuel is less harmful to the environment. Furthermore, the major goal of green technology is to protect the environment as well as to repair the past damage done to the environment.

Moreover, various governments across the globe are investing heavily in green technology to conserve nature and reduce the negative impact on the environment, which is pushing the growth of the market.

The report notes that the unprecedented COVID-19 health crisis resulted in the artificial intelligence and analytics segments witnessing significant growth during the forecast period. This can be attributed to the growing adoption of artificial intelligence and analytics among manufacturing and other industries to resume their supply chain operations.

The surge in environmental awareness and increase in concerns among organisations as well as individuals regarding the global warming crisis is a key driver of this market’s growth. Further, a rise in the adoption of RFID sensors that eliminate carbon emissions and an increase in consumer and industrial interest in the use of clean energy resources are among the major factors expected to boost the growth of the market in the coming years.

It is important to note, however, that high product and solution costs associated with green technology and sustainability solutions are factors that may inhibit the growth of the market to a certain extent. On the contrary, a rise in favorable government and private initiatives to tackle climate change and air pollution is an opportunistic factor of the market.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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