Singapore launches new S$250 million SPEED programme to support low-carbon technology pilots and deployments

28 April 2026

On 1 April 2026, the Ministry of Trade and Industry (“MTI”), Agency for Science, Technology and Research (“A*STAR”), Energy Market Authority (“EMA”), and Singapore Economic Development Board (“EDB”) jointly issued a press release announcing the launch of the new Singapore Pilots for Energy & Enterprise Decarbonisation (“SPEED”) programme. The programme is part of the Research, Innovation and Enterprise 2030 Decarbonisation Grand Challenge unveiled in March 2026, during the MTI Committee of Supply debate.

SPEED has set aside S$250 million to accelerate the scaling up of technologies that support Singapore’s decarbonisation efforts. The programme will support local translational research, development & demonstration (“RD&D”) of promising low-carbon technologies in the power and industry sectors that are close to market roll-out, so that these technologies can be deployed at scale in Singapore. These efforts aim to create more viable options for Singapore’s future decarbonisation efforts at competitive cost.

SPEED will support relevant and impactful technology providers to translate and commercialise emerging decarbonisation solutions, catered for Singapore’s needs. The programme will co-develop scientific and engineering knowledge locally and strengthen Singapore’s reputation as a destination for low carbon-related RD&D. The partnerships formed between Singapore-based companies and technology providers to deploy solutions will build up local capabilities in piloting new deep technologies and prepare Singapore for wider adoption of these solutions in the future.

A*STAR will host the SPEED programme office, which will collaborate closely with EMA, EDB, relevant research institutes, and institutes of higher learning in Singapore.

To uncover promising decarbonisation technologies for further development and deployment in Singapore, the SPEED programme office will actively collaborate with key technology sourcing partners, including private sector companies, Temasek, SG Growth Capital, global climate venture funds, accelerators, among other global partners.

SPEED will support decarbonisation technology pilots through:

  • Funding support for potentially impactful and nascent decarbonisation solutions: SPEED may co-fund eligible pilot projects that are aligned with Singapore’s national decarbonisation plans, including but not limited to solar, carbon capture & utilisation, electrification & energy efficiency, hydrogen & derivatives, advanced grid technologies, and energy storage solutions. Companies and startups applying and receiving the support must have a presence in Singapore and the project must have meaningful support and
    co-funding by relevant receptacles from the private or public sector.
  • Connecting stakeholders: SPEED will bring together stakeholders across Singapore’s climate tech landscape, including technology providers, local receptacles, potential offtake customers, financiers, regulatory agencies, etc.
  • Reducing regulatory hurdles: Where necessary and practicable, SPEED will convene regulatory sandboxes to facilitate pilots through regulatory approvals and waivers, while balancing safety and reliability.

Reference materials

The following is available on the MTI website www.mti.gov.sg: