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Singapore’s largest industrial district cooling system begins operations to support STMicroelectronics’ decarbonization strategy

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STMicroelectronics (NYSE: STM) and SP Group began operations of Singapore’s largest industrial district cooling system at ST’s Ang Mo Kio TechnoPark on October 21, 2025. The JV with Daikin provides up to 36,000 refrigeration tonnes capacity across ~90,000 m2, replacing individual chillers.

Key metrics: expected reduction of 120,000 tonnes CO2e per year, 20% lower cooling-related electricity use, repurposing >500,000 m3 water annually, 44% lower embodied carbon vs benchmarks, and a Green Mark Platinum Super Low Energy rating. A separate 20-year chilled-water-as-a-service deal will add ~2,140 tonnes CO2e savings at Toa Payoh by Dec 2025.

STMicroelectronics (NYSE: STM) e SP Group hanno avviato le operazioni del più grande sistema di raffreddamento distrettuale industriale di Singapore presso Ang Mo Kio TechnoPark di ST il 21 ottobre 2025. La JV con Daikin fornisce una capacità fino a 36.000 tonnellate di refrigerazione su circa 90.000 m2, sostituendo i singoli frigoriferi.

Metriche chiave: riduzione prevista di 120.000 tonnellate di CO2e all’anno, 20% in meno di elettricità legata al raffreddamento, riutilizzando >500.000 m3 di acqua all’anno, 44% in meno di carbonio incorporato rispetto ai benchmark, e una certificazione Green Mark Platinum Super Low Energy. Un accordo separato di 20 anni di servizio di acqua refrigerata ('chilled-water-as-a-service') aggiungerà circa 2.140 tonnellate di CO2e di risparmio a Toa Payoh entro dicembre 2025.

STMicroelectronics (NYSE: STM) y SP Group iniciaron operaciones del mayor sistema de enfriamiento distrital industrial de Singapur en Ang Mo Kio TechnoPark de ST el 21 de octubre de 2025. La JV con Daikin ofrece hasta 36.000 toneladas de refrigeración de capacidad en ~90.000 m2, sustituyendo a los chillers individuales.

Métricas clave: reducción prevista de 120.000 toneladas de CO2e por año, un 20% menos de electricidad relacionada con el enfriamiento, reutilización de 500.000 m3 de agua al año, un 44% menor carbono incorporado frente a los puntos de referencia, y una calificación Green Mark Platinum Super Low Energy. Un acuerdo separado de 20 años de servicio de agua enfriada añadirá ~2.140 toneladas de CO2e de ahorro en Toa Payoh para diciembre de 2025.

ST마이크로일렉트로닉스(STMicroelectronics, NYSE: STM)와 SP Group는 싱가포르 최대 규모의 산업 구역 냉각 시스템을 ST의 Ang Mo Kio TechnoPark에서 2025년 10월 21일에 가동하기 시작했다. 다이킨과의 합작투자는 최대 36,000톤의 냉각 용량대략 90,000 m2에 걸쳐 제공하며 개별 냉각기를 대체한다.

주요 지표: 연간 120,000톤 CO2e 감소, 냉각 관련 전력 20% 감소, 매년 500,000 m3의 물 재활용, 벤치마크 대비 44% 낮은 내재 탄소, 그리고 Green Mark Platinum Super Low Energy 등급. 20년간의 별도 'chilled-water-as-a-service' 계약은 2025년 12월까지 Toa Payoh에서 약 2,140톤의 CO2e 절감을 추가로 제공할 것이다.

STMicroelectronics (NYSE: STM) et SP Group ont commencé les opération du plus grand système de refroidissement industriel de district à Singapour, au Ang Mo Kio TechnoPark de ST, le 21 octobre 2025. La JV avec Daikin offre une capacité allant jusqu’à 36.000 tonnes de réfrigération sur environ 90.000 m2, remplaçant les chillers individuels.

Règles clés: réduction prévue de 120.000 tonnes CO2e par an, 20% de moins d’électricité liée au refroidissement, réutilisation de 500.000 m3 d’eau annuellement, 44% de moins de carbone incorporé par rapport aux références, et une certification Green Mark Platinum Super Low Energy. Un accord séparé de 20 ans de service d’eau glacée (chilled-water-as-a-service) ajoutera environ 2.140 tonnes de CO2e d’économies à Toa Payoh d’ici décembre 2025.

STMicroelectronics (NYSE: STM) und SP Group haben den Betrieb des größten industriellen District-Cooling-Systems Singapurs im Ang Mo Kio TechnoPark von ST am 21. Oktober 2025 aufgenommen. Das Joint Venture mit Daikin bietet eine Kapazität von bis zu 36.000 Kühltonnen über ca. 90.000 m2 und ersetzt einzelne Kältemaschinen.

Kernkennzahlen: erwartete Reduktion von 120.000 CO2e-Tonnen pro Jahr, 20% weniger stromverbrauch im Kühlbetrieb, jährliche Umnutzung von 500.000 m3 Wasser, 44% weniger eingebetteter Kohlenstoff gegenüber Benchmark-Standards und eine Green Mark Platinum Super Low Energy-Bewertung. Ein separater 20-Jahres-Vertrag über gekühltes Wasser-als-Service (chilled-water-as-a-service) wird bis Dezember 2025 weitere ca. 2.140 CO2e-Tonnen Einsparungen in Toa Payoh bringen.

STMicroelectronics (NYSE: STM) و SP Group بدأتا تشغيل أكبر نظام تبريد صناعي في منطقة الأعمال بجنوب شرقي سنغافورة في Ang Mo Kio TechnoPark التابع لـ ST بتاريخ 21 أكتوبر 2025. المشروع المشترك مع Daikin يوفر حتى 36,000 طن تبريد عبر نحو 90,000 م2، مع استبدال وحدات التبريد الفردية.

المقاييس الرئيسية: تقليل متوقع بمقدار 120,000 طن من CO2e سنوياً، انخفاض الكهرباء المرتبطة بالتبريد بنسبة 20%، إعادة استخدام 500,000 م3 من المياه سنوياً، 44% انخفاضاً في الكربون المتضمن مقارنة بالمؤشرات، وتقييم Green Mark Platinum Super Low Energy. ستضيف صفقة منفصلة لخدمات المياه المبردة لمدة 20 عاماً وفـقاً إضافياً حوالي 2,140 طن من CO2e توفيراً في Toa Payoh بحلول ديسمبر 2025.

意法半导体(STMicroelectronics, NYSE: STM) 与 SP Group 于 2025 年 10 月 21 日在 ST 的 Ang Mo Kio TechnoPark 启动新加坡最大的工业区块供冷系统运营。与大金 Daikin 的合资企业在约 90,000 m2 的范围内提供最高 36,000 吨制冷能力,取代单独的冷却机组。

关键指标:预计每年减少 120,000 吨 CO2e冷却相关电力使用降低 20%,每年回用 500,000 m3 水,相较基准减少 44% 的嵌入式碳,并获得 Green Mark Platinum Super Low Energy 级别。另一个为期 20 年的“冷水即服务”(chilled-water-as-a-service) 交易将于 2025 年 12 月在 Toa Payoh 增添约 2,140 吨 CO2e 的节约。

Positive
  • 120,000 tonnes annual CO2e reduction
  • 20% cooling-related electricity savings annually
  • Repurposes >500,000 m3 water per year
  • 36,000 RT installed capacity serving ~90,000 m2
  • 44% embodied carbon reduction vs benchmarks
  • Green Mark Platinum Super Low Energy certification
Negative
  • None.

Insights

District cooling deployment materially lowers STMicroelectronics' onsite emissions, energy costs, and water use while enabling further sustainability upgrades.

Built and operated by a joint venture of SP Group and Daikin Airconditioning (Singapore), the district cooling plant replaces individual building chillers with a centralized closed-loop system sized up to 36,000 RT and serving about 90,000 square metres. The announcement discloses an expected reduction of 120,000% tonnes of carbon emissions per year, 20% savings in cooling-related electricity, and repurposing of over 500,000 cubic metres of water annually by using reject reverse osmosis water, which together improve operating efficiency and free 4,000 square meters for additional mitigation equipment.

The program’s risks and dependencies include successful continuous operation at design capacity, effective integration with existing fab utilities, and performance under a long-term service model. The project secured notable credentials: Green Mark Platinum Super Low Energy certification, about 44% lower embodied carbon versus benchmarks, and >2 million accident-free construction hours, which support credibility but do not guarantee future operational outcomes. Monitor the December 2025 completion for the Toa Payoh upgrade under a 20-year chilled-water-as-a-service contract and the stated ~2,140 tonnes annual emissions reduction there; those milestones will show whether contracted savings translate to realized operational gains.

Singapore’s largest industrial district cooling system begins operations
to support STMicroelectronics’ decarbonization strategy

  • Designed, built, owned, and operated by a joint venture between SP Group and Daikin Airconditioning (Singapore), the innovative district cooling system will significantly improve the environmental performance of ST’s high-volume semiconductor manufacturing site in Singapore
  • New system expected to reduce carbon emissions by 120,000 tonnes per year, cooling-related electricity costs by 20 percent each year, and repurposing over half a million cubic meters of water consumption per year

Geneva, Switzerland, and Singapore – October 21, 2025 -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and SP Group (SP), a leading utilities group in the Asia Pacific and Singapore’s national grid operator, have commenced operations for Singapore’s largest industrial district cooling system at STMicroelectronics’ (ST) Ang Mo Kio TechnoPark. The event was inaugurated by Ms. Low Yen Ling, Senior Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth.

The system is expected to reduce carbon emissions by up to 120,000 tonnes per year and enable 20 per cent savings on cooling-related electricity consumption. It will also repurpose over half a million cubic meters of water each year by using reject reverse osmosis water, previously used in ST Cooling Towers, to support the new district cooling operations. 

This marks ST’s first use of district cooling at a manufacturing facility and will strengthen ST’s commitment to be carbon neutral by 2027.

The deployment of Singapore’s largest industrial district cooling system at our Ang Mo Kio TechnoPark demonstrates our commitment to pioneering energy-efficient solutions that reduce carbon emissions and conserve resources. This achievement strengthens our partnership with Singapore in advancing its national sustainability goals,” said Rajita D’Souza, President of Human Resources and Corporate Social Responsibility at STMicroelectronics. “By integrating advanced technologies like the district cooling system, we are driving a smarter, more sustainable future — showcasing how industry leadership and environmental stewardship align to create lasting value for our business, communities, and the planet.”

SP Group’s strategic partnership with STMicroelectronics marks a pivotal milestone in our nation’s transition towards a low-carbon future. This project showcases how collaborative innovation can transform urban infrastructure to deliver sustainable, energy-efficient solutions. District cooling will continue to play a vital role in Singapore’s net-zero ambitions, enabling carbon emissions reduction and enhancing energy resilience across industrial and urban developments,” said Stanley Huang, SP’s Group Chief Executive Officer. 

Technical information about the district cooling system 

Designed, built, owned, and operated by a joint venture between SP and Daikin Airconditioning (Singapore), the system has an installed capacity of up to 36,000 refrigeration tonnes (RT). It delivers continuous chilled water to cool both manufacturing and office spaces via a centralized closed-loop pipe network replacing individual chillers in each building. The total area served by the system is approximately 90,000 square metres.

Chillers in series counterflow configuration reduce the energy required to cool the water. This ensures an efficient and reliable 24/7 operation, with remote monitoring capabilities augmenting the operations team on site to come.

“This partnership with SP reflects Daikin’s commitment to delivering advanced, energy-efficient solutions that go beyond immediate operational needs. Our goal is to contribute to a more sustainable built environment, where technology plays a key role in enhancing resilience, reducing environmental impact, and supporting Singapore’s long-term climate ambitions,” said Chua Ban Hong, Managing Director at Daikin Airconditioning (Singapore).

Additionally, the new installations free up around 4,000 square meters of space at Ang Mo Kio TechnoPark, which will enable ST to install other equipment contributing to environmental impact mitigation. This includes perfluorocarbon (PFC) abatement equipment, with near-future plans for additional water reclamation systems and volatile organic compounds (VOC) abatement as part of its ongoing sustainability efforts.

The project achieved over 2 million accident-free man hours, underscoring the commitment to safety during construction. The district cooling plant has been awarded the Green Mark Platinum Super Low Energy certification by the Building and Construction Authority for its exceptional energy efficiency and sustainable design. Incorporating whole-life carbon assessments during design and construction of the plant also enabled a reduction of about 44 percent in embodied carbon compared to industrial building benchmarks, achieved through optimized material choices and system design to further lower the plant’s carbon footprint.

Further collaboration between STMicroelectronics and SP Group

To accelerate its decarbonization roadmap, ST has also partnered with SP to upgrade the cooling system at its Toa Payoh site. Under a 20-year chilled-water-as-a-service agreement, SP will design, build, operate, and maintain a new high-efficiency chiller system, scheduled for completion by December 2025. The system will improve energy efficiency and aims to reduce carbon emissions by approximately 2,140 tonnes annually.

In addition to sustainable cooling solutions, STMicroelectronics and SP Group are implementing a range of sustainable technologies across ST’s Ang Mo Kio and Toa Payoh campuses.
This includes the deployment of the energy management information system (EMIS), comprising 2,400 smart electricity meters and multi-utility sensors. With SP’s smart metering infrastructure in place, ST can monitor its overall energy consumption – enabling data-driven decisions that enhance efficiency and sustainability.

SP has also implemented smart water meters that track water inflow to five of ST’s buildings. This provides ST with an accurate view of its water consumption, allowing the organization to enhance its critical wafer fabrication operations by ensuring greater water efficiency.
Together, the partnership delivers on a shared vision for a smarter, cleaner energy future through integrated digitalization and decarbonization at scale.

About STMicroelectronics
At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.


Further information can be found at www.st.com.

About SP Group 
SP Group is a leading utilities provider in Asia Pacific, empowering the future of energy through low-carbon, smart solutions. It owns and operates electricity and gas transmission and distribution networks in Singapore and Australia. As Singapore’s national grid operator, SP Group serves approximately 1.7 million industrial, commercial, and residential customers with world-class transmission, distribution, and market support services.
Beyond traditional utilities, SP Group delivers integrated sustainable energy solutions across Singapore, China, Thailand, and Vietnam. These solutions include district cooling and heating, renewable energy, EV charging infrastructure, and digital energy platforms tailored for districts, communities, and commercial and industrial customers.

For more information, please visit spgroup.com.sg or follow us on Facebook, LinkedIn and Instagram

For more information, please contact:


STMicroelectronics

INVESTOR RELATIONS
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com

MEDIA RELATIONS
Alexis Breton
Group VP Corporate External Communications
Tel: +33.6.59.16.79.08
alexis.breton@st.com

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FAQ

What emissions reduction does STMicroelectronics (STM) expect from the new Ang Mo Kio district cooling system?

The system is expected to reduce carbon emissions by up to 120,000 tonnes per year.

How much cooling-related electricity savings will STM achieve with the new district cooling system?

The system is projected to deliver approximately 20% savings in cooling-related electricity consumption each year.

What is the capacity and area served by the new district cooling plant at STM Ang Mo Kio (STM)?

The plant has up to 36,000 refrigeration tonnes capacity and serves roughly 90,000 square metres.

How much water will STM repurpose annually through the district cooling system (STM)?

The project will repurpose over 500,000 cubic metres of water per year using reject reverse osmosis water.

What sustainability certifications and carbon reductions did the STM district cooling plant achieve?

The plant earned the Green Mark Platinum Super Low Energy certification and reduced embodied carbon by about 44% versus industrial benchmarks.

What is the expected carbon benefit from the 20-year chilled-water-as-a-service agreement at STM Toa Payoh (STM)?

The Toa Payoh upgrade under a 20-year agreement aims to reduce carbon emissions by approximately 2,140 tonnes annually, with completion by December 2025.
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