What does it take to transform a nation's energy landscape? How can visionary leadership turn ambitious sustainability goals into reality? Join Money FM's Michelle Martin as she sits down with Mr Lim Han Kwang, CEO of Geneco, and Deputy CEO of YTL PowerSeraya. Mr Lim discusses how power generation companies are driving the energy transition through strategic investments and innovation. From hydrogen-ready infrastructure to tailored green energy solutions, discover how these initiatives are driving meaningful change while advancing Singapore's sustainability goals.
Show Notes:
In this episode, we discuss…
- Expanding solar capabilities to support Singapore's green ambitions.
- Investments into hydrogen-ready infrastructure.
- Empowering customers with customisable green energy choices.
- Implementing digital transformation initiatives to reduce environmental impact.
- The role of technological innovation in driving a low carbon future.
Key takeaways
01:48 | | YTL PowerSeraya's expansion of solar capacity aligns with Singapore's renewable energy targets. This approach demonstrates how incremental steps can significantly impact sustainability efforts. It offers a model for scaling renewables to meet broader energy goals, as well as highlights solar's growing role in the energy mix. |
02:15 | | YTL PowerSeraya’s substantial investment in a hydrogen-ready Combined Cycle Gas Turbine highlights a forward-thinking approach to energy. This infrastructure not only supports Singapore's sustainability goals but also positions the company to transition to hydrogen when this becomes economically viable. |
03:45 | | By offering customisable green energy options, YTL PowerSeraya caters to growing consumer demand for sustainability. This strategy boosts customer loyalty. It also demonstrates how energy companies can involve consumers in the low carbon transition, amplifying collective impact. |
04:46 | | Geneco's shift to fully paperless operations, with plans to replicate this model to small and medium enterprise, highlights how digitalisation can contribute to a broader sustainability mission. This initiative offers a blueprint for waste reduction and efficiency improvement. It underscores how digital transformation can accelerate the energy transition. |
07:36 | | R&D is key to unlocking alternative energy solutions for a sustainable future. YTL PowerSeraya is committed to innovation in cutting-edge technologies, from hydrogen production and transportation to carbon capture and storage, as well as battery storage solutions. |
09:26 | | The company's 60:30 emissions reduction target by 2030 provides specific, time-bound goals that provide clear progress indicators and enhance accountability. |
About our guest Mr Lim Han Kwang is the Chief Executive Officer (CEO) of Geneco, and also holds the position of Deputy CEO of the YTL PowerSeraya, the parent company of Geneco. He has more than 20 years of commercial and regulatory experience in the Singapore electricity and gas market in Singapore. His career in the energy sector has also seen Mr Lim lead teams and manage the company's power businesses. Under his leadership, Geneco has become Singapore's No. 1 Residential Electricity Retailer. With his proven track record, Mr Lim has also been invited to be a Member in the Management Board of the Energy Studies Institute. A graduate of the Nanyang Technological University, Mr Lim holds a 1st Class Honours Degree in Bachelor of Business. He also possesses a professional qualification from the Association of Chartered Certified Accounts. |
Additional Resources
- Mr Lim Han Kwang's bio
- YTL PowerSeraya and Geneco drive green transition in Singapore: expands with ~4MWp solar PV system, extends Power Eco Add-on for SMEs [01:48]
- YTL PowerSeraya wins first RFP under Energy Market Authority's (EMA) centralised process to build 600MW hydrogen-ready Combined Cycle Gas Turbine [02:15]
- Going green just got easier with Geneco’s newly launched sustainable energy solutions – Which one should you choose? [03:45]
- YTL PowerSeraya's 60:30 vision [09:26]
You can find the transcript of this episode here.
- Sign up for the SIEW newsletter to get notified about future SIEWCast episodes straight to your inbox.
- Register now at https://register.siew.gov.sg for the Singapore International Energy Week (SIEW) 2024, taking place on 21 - 25 October.
This SIEWCast episode is brought to you by Singapore International Energy Week (SIEW) and Money FM 89.3, in partnership with Aramco.