Keppel and Australia’s biggest gas developer sign deal for liquid hydrogen to power Singapore data centres

Conditional agreement paves way for binding deal for Woodside Energy to supply the fuel from as early as 2030

Keppel has tied up with Woodside Energy, Australia’s largest oil and gas developer, to supply liquid hydrogen to power Keppel’s data centres in Singapore.

They have signed a term sheet and hopes to pave the way for an eventual agreement for the supply of liquid hydrogen from as early as 2030, Keppel said on Monday (Oct 21).

The sources of the fuel would include Woodside’s proposed production facilities such as H2Perth, its facility in Perth, Western Australia.

Wong Wai Meng, the CEO of Keppel Data Centres, said the term sheet has the “ability to provide a reliable and stable source of lower carbon energy to power our assets in Singapore”.

It’s subject to the negotiation of a binding agreement with all necessary approvals.

The liquid hydrogen supply chain is expected to reduce emissions generated by Keppel Data Centres’ facilities.

Keppel shares closed 0.6 per cent or S$0.04 higher at S$6.47 on Friday.