On September 17, a tidal energy demonstration project* involving NYK and MTI Co. Ltd., an NYK Group company, began generating electricity in Singapore.

The project group has installed MAKO turbines under the Sentosa Boardwalk — i.e., the bridge between the Singapore mainland and the island of Sentosa — and the efficiency and cost of power generation will be examined over the next year. The electricity produced through this project is grid tied and supports the lighting along the Sentosa Boardwalk.

Tidal turbines operate in a similar way to wind turbines, except that tidal turbines use the flow of the tide to generate predictable and efficient renewable energy, unaffected by weather and the time of day.

This project aims to be the first in Singapore to commercialize on marine renewable energy, and is expected to expand into Asian countries including Japan in the future.

The NYK Group is making efforts to create next-generation green businesses involving marine energy to realize the company’s basic philosophy of “Bringing value to life” and contributing to the betterment of societies.

※In accordance with the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the group is working to achieve the SDGs through its business activities, and this demonstration is one of the group’s initiatives.

* Tidal energy demonstration project
The project is funded by MAKO Energy Pte. Ltdand the site is sponsored by Sentosa Development Corporation.
MAKO Energy Pte. Ltd. is the Singapore-based subsidiary of Elemental Energy Technologies Ltd., a tidal turbine developer, and Sentosa Development Corporation is a statutory board under the Ministry of Trade and Industry of Singapore, which oversees the development, management, and promotion of the island as a resort destination for locals and tourists.

- Reference
Announcement on November 28, 2018, “NYK to Participate in Demonstration of Tidal Energy in Singapore”

- MTI Co. Ltd.
Head office: Tokyo
President: Kazuo Ishizuka
Shareholder: NYK 100%