Daikin plans a joint-venture with Singapore Power

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Daikin Industries has recently signed a memorandum of understanding with Singapore Power (SP Group) to establish a joint-venture to realize district-level centralized cooling system for Tengah Town, a smart energy town project being promoted in Singapore by the Singaporean government. Daikin has been providing various products and services in Singapore for 50 years, and its high energy-saving air conditioners and far advanced systems were adopted for the project based on the technology and experience that the company has cultivated. 
Under this project, collaborating with SP Group, Daikin supplies advanced centralized cooling system to the residences in the smart city. With this system, 30% life cycle costs savings is realized at each household compared to individual air-conditioning installment. A centralized cooling system is a cooling mechanism that supplies water cooled from a newly developed, high-efficiency modular chiller, which is a large-scale air conditioner, to a fan coil unit (an indoor unit with an air blowing function) that installed in residential units. Residents who opted for centralized cooling system will be charged subscription-based billing. Moreover, Daikin has also concluded maintenance contracts for large-scale air conditioners and fan coil units throughout the city, as a means to provide smart support to the township and develop a sustainable business model.
Tengah Town expects to see its first batch of its residents move in by 2023.

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