Singapore – Signify has signed a partnership agreement with UOB Singapore to help SMEs and business customers adopt energy- and cost-efficient lighting solutions through flexible sustainable financing support under the bank’s U-Energy program.

U-Energy is UOB’s integrated financing platform for energy efficiency projects in Singapore, launched in 2021.

Signify is the first strategic lighting partner to join the ranks of a network of energy service companies (ESCOs), namely BBP, CBM Solutions, Comfort Management, ENGIE South East Asia, G-Energy, Measurement & Verification Pte Ltd, NaviX Solutions, Schneider Electric and Sunseap Solutions.The program offers flexible sustainable financing to building owners for purchasing energy-efficient solutions and services from ESCO partners, with financial support from UOB. As a strategic lighting partner, Signify will provide more options for hospitality, industrial, retail and office buildings planning to implement energy-efficient lighting systems.

Jasper Wong, Head of Construction and Infrastructure at UOB, said: “Through our collaboration with Signify on the U-Energy program, our customers can get a head start on their sustainability journey by switching to energy-efficient lighting. This is timely, as reducing energy consumption will help businesses manage the rising electricity costs.”

Jitender Khurana, Country Head and Managing Director, Signify Singapore, said: “Signify is excited to be the first strategic lighting partner of the UOB’s U-Energy program in Singapore. Sustainable lighting is the way to go as it supports organizations in reducing business operating costs while making a positive impact on the environment. As a carbon-neutral company recognized as an Industry Leader on the Dow Jones Sustainability World Index, Signify is well-positioned to help businesses from different sectors make the green switch by tapping into our suite of advanced lighting products, systems and services. This program will also contribute to Singapore’s national climate target to achieve net zero emissions by 2050.”

Signify has implemented over 100 smart lighting projects with over a million connected lights across commercial, residential, industrial and public spaces in Singapore. This includes smart building projects at UOB sites, like the FEB Building, Plaza 1 and One Raffles Place. These projects have not only helped Signify’s customers reduce their lighting energy consumption significantly on an annual basis, but also obtain granular insights on occupancy and space utilization.

Mark Ko

Mark Ko

Besides tech, I love chicken rice. Point me in the right direction and I'll go and try it. :)
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