Daikin Industries recently signed a memorandum of understanding with Singapore Power (SP Group) to establish a joint venture to realize a district-level centralized cooling system for Tengah Town, a smart energy town project being promoted in Singapore by the Singaporean government.
Under this project, collaborating with SP Group, Daikin supplies an advanced centralized cooling system to the residences in the smart city. With this system, 30% life cycle costs savings are realized, at each household compared to individual air-conditioning instalment. 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 a 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.
AC expense is said to occupy 40% of total electricity usage at households. Daikin contributes to saving energy of total smart city highlighting the air-conditioning field. The latest energy management system installed in residences will enable residents to visualize electricity use and help save energy throughout their homes by using mobile apps. Tengah Town expects to see its first batch of its residents move in by 2023.