Energy accounts for up to a significant 40% of operating costs across all manufacturing SMEs in Singapore. Launched in July 2013, the SME Energy Efficiency (SME-EE) initative aims to help more than 300 SMEs achieve at least 10% savings in energy costs.
The SME-EE initiative recommends 4 steps to help SMEs assess, monitor and improve their energy usage, and sustain the improvement. SMEs will be supported with grants from SPRING and iDA, and dedicated private financing.
This national initiative will be led by the Sustainable Energy Association of Singapore (SEAS), with support from SPRING Singapore, the National Environment Agency (NEA) and the Infocomm Development Authority (iDA) of Singapore.
At the initial phase, the initiative will target 4 core industries namely the marine engineering, precision engineering, food and beverage manufacturing and chemical industries. These 4 core industries have been identified as having the largest potential for energy savings.
The SME-EE initiative involves a step-wise programme to help SMEs audit, measure and improve their energy efficiency.
In addition to the SMEEE Initiative, SPRING Singapore also provides other forms of assistance to SMEs. Find out more in this video: