Singapore Gathers Global Energy Firms to Seek New Innovation for Sector

By • on September 3, 2020

The ZDNet website reported that Shell, Chevron, ExxonMobil, and ConocoPhillips as well as the Singapore government agency together launched the Energy Open Innovation Challenge, which they said would give small and midsize businesses (SMBs) and startups the opportunity to pitch and testbed their solutions alongside the energy companies. Enterprise Singapore’s deputy CEO Ted Tan said: “The COVID-19 pandemic has underscored the importance of innovation in the energy sector and the value of enterprises coming together to solve industry challenges. The [innovation challenge] provides a common platform to facilitate opportunities for SMBs and startups to trial their solutions and build track record with these established energy companies.”

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